SUGGESTED ROUTING:*
Senior ManagementInternal AuditOperationsTrading*These are suggested departments only. Others may be appropriate for your firm.
On June 30, 1988, the maximum Small Order Execution System (SOES) order size for all Nasdaq National Market securities was established as follows:
A 1,000-share maximum order size was applied to those Nasdaq National Market securities that
As part of its Transparency Services improvement initiative, beginning Monday, May 19, 2025, FINRA will re-platform TRACE Securitized Products to a new Linux-based operating system. FINRA requires client testing participation for this project.Trade Reporting:TRACE clients who utilize FIX for SP trade entry and other transactions should test all FIX Tags to ensure they are properly being processed
In observance of Christmas, the TRACE system will be closed on Wednesday, December 25, 2024. In observance of New Year’s Day, the TRACE system will be closed on Wednesday, January 1, 2025.
The FINRA/Nasdaq TRF1 experienced an issue today, Friday, December 1, 2023, from 8:00 a.m. ET through 9:23:22 a.m. ET. The FINRA/Nasdaq TRF was rejecting trade reports for a subset of firms, and the root cause was due to a misconfiguration on Nasdaq’s Post Trade Risk system. The configuration was an update to the Post Trade Risk system in preparation for ACT Risk Management service
NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to adopt rules relating to a new Trade Reporting Facility (the "NASD/NYSE TRF") to be established by NASD, in conjunction with NYSE Market, Inc. ("NYSE"), that would provide members another mechanism for reporting trades in exchange-listed securities
NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to adopt rules relating to a new Trade Reporting Facility (the "NASD/BSE TRF") to be established by NASD, in conjunction with the Boston Stock Exchange ("BSE"), that would provide members another mechanism for reporting trades in exchange-listed
In observation of the Thanksgiving holiday, the FINRA/Exchange Trade Reporting Facilities (TRFs) will be closed on Thursday, November 23, 2023. Please be advised that the TRFs will close early on Friday, November 24, 2023. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.
FINRA is publishing its quarterly OTCBB/OTC Equities High Price Dissemination List for the third quarter of 2014. This updated list of OTC equity securities eligible for trade report dissemination for trades of fewer than 100 shares will be effective December 31, 2014. To view changes, visit the Daily List: Security Attribute Changes page, select the "Unit of Trades" filter and enter
In June 2009, FINRA issued Regulatory Notice 09-31 to remind firms of their sales practice obligations relating to leveraged and inverse exchange-traded funds (ETFs). At the same time, the Investment Industry Regulatory Organization of Canada (IIROC) issued guidance to the Canadian industry that is substantially similar to our Notice. In July we released a compliance podcast concerning the Notice
Regulation NMS Plan to Address Extraordinary Market Volatility Plan Frequently Asked Questions
