Trade Reporting Modifier for Trades that Qualify for the Intermarket Sweep Order Exception to the Trade-at Prohibition Under the Tick Size Plan
FINRA is currently experiencing TRAQS issues for TRACE Corporate and Agencies and TRACE Securitized Products (all other facilities are operating normally).
FINRA has resolved the TRAQS issues for TRACE Corporate and Agencies and TRACE Securitized Products.
As previously reported, the FINRA/NYSE TRF experienced a processing issue that resulted in a subset of SIP trade reports being reported with an incorrect ‘Sold’ modifier. The FINRA/NYSE TRF has identified the cause of the issue and installed a fix last night to prevent the application of incorrect ‘Sold’ modifiers to trade reports beginning on November 18, 2021. Refer to the FINRA/NYSE
As part of its Transparency Services improvement initiative, beginning Monday, September 9, 2024, FINRA will re-platform the TRACE Corporate and Agency product to a new Linux-based operating system.FINRA will sponsor a production User Acceptance Test (UAT) on Saturday, July 20, 2024, from 9 a.m. to 12 p.m. ET. Clients who wish to participate in this test must register with FINRA Market
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Executive Summary
On April 11, 1994, The Nasdaq Stock Market, Inc., began operation of the Fixed Income Pricing SystemSM (FIPS®) for members trading highyield bonds. FIPS was created to facilitate the over-the-counter (OTC) trading of high
FINRA is currently experiencing an issue and not accepting TRACE Treasuries trade reports. FINRA will update clients as more details are available.
Summary
FINRA has adopted amendments to Rule 6730 (Transaction Reporting) to require members to append a modifier to a corporate bond trade that is part of a portfolio trade when reporting to FINRA’s Trade Reporting and Compliance Engine (TRACE). The amendments to Rule 6730 will take effect on May 15, 2023.
The amended text of the rule is set forth in Attachment A.
Questions regarding this
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 7620A to eliminate the per-transaction fee for late reports and corrective transactions that is currently imposed on non-Retail Participants that use the FINRA/Nasdaq Trade Reporting Facility Carteret (the “FINRA/Nasdaq
Pursuant to a Securities and Exchange Commission request, FINRA makes short sale trade data publicly available for OTC trades in exchange-listed securities reported to a FINRA Trade Reporting Facility (TRF) and FINRA’s Alternative Display Facility (ADF). FINRA makes two types of files available: (1) Daily Short Sale Volume Files and (2) Monthly Short Sale Transaction Files (collectively, the
