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Effective Monday, December 5, 2022, ORF will begin supporting timestamps up to nanosecond granularity (HH:MM:SS.sssssssss) in accordance with amendments to FINRA’s equity trade reporting rules. Please refer to FINRA Regulatory Notice 20-41 for additional information on firms’ reporting obligations under these amendments. ORF will support timestamps of up to nanosecond granularity on all inbound
Since Monday, December 5, 2022, FINRA is experiencing an issue with ORF clearing messages for transactions that are cancelled, corrected or broken and thus causing duplicates settlement for those transactions. FINRA is working on a solution and will update clients as more details are known.
Clients should work with their clearing firm to submit reversals directly to NSCC for the duplicate
On Thursday, November 17, 2022, FINRA will conduct an Extraordinary Market Halt (EMC) event in the Test Facility (NTF) for the OTC Reporting Facility (ORF). The EMC will start at approximately 4:15 p.m. ET and run for approximately 10 minutes. During this time ORF trade attempts will be rejected. The system will resume normal operations after the conclusion of the NTF EMC event.
Please contact
On Thursday, November 10, 2022, FINRA will conduct an Extraordinary Market Halt (EMC) event in the Test Facility (NTF) for the OTC Reporting Facility (ORF). The EMC will start at approximately 4:15 p.m. ET and run for approximately 10 minutes. During this time ORF trade attempts will be rejected. The system will resume normal operations after the conclusion of the NTF EMC event.
Please contact
On Monday, October 17, 2022, FINRA will conduct a Market Wide Circuit Breaker (MWCB) event in the Test Facility (NTF) for the OTC Reporting Facility (ORF). The MWCB will start at approximately 3 p.m. ET and run for five minutes. During this time ORF trade attempts will be rejected. The system will resume normal operations after the conclusion of the NTF MWCB event.
Please contact FINRA Product
FINRA has updated the TDDS 2.0 Specification and the ORF API Specification.
The Market Center Originator value ‘u” has been redefined as “OTC Equity Security” and the Market Center Originator value of “F” has been eliminated.
Please email FINRA Product Management or call (866) 899-2107 if you have any questions regarding this notice.
Since Monday, December 5, 2022, FINRA had experienced an issue with ORF clearing messages for transactions that are cancelled, corrected, broken or reversed and thus caused duplicate settlement messages and incorrect settlement amounts for those transactions.
FINRA has resolved this issue and the software fix will be in production starting Thursday, December 8, 2022. Beginning December 8, ORF
The FINRA Test Facility (NTF) for the OTC Reporting Facility (ORF) will be unavailable for testing all day Friday August 5, 2022, Thursday, August 11, 2022, and Friday, August 12, 2022. All other FINRA services, including TRACE and the ADF will be available for testing during this timeframe. The ORF test facility will conduct normal operations on August 8-10 and again beginning on August 15, 2022
Since Monday, December 5, 2022, FINRA is experiencing an issue with ORF clearing messages for transactions that are cancelled, corrected, broken or reversed and thus causing duplicate settlement messages and incorrect settlement amounts for those transactions.
In the interim, until FINRA resolves the issue, FINRA requests ORF clients work with their clearing firms to send the necessary
Since Monday, December 5, 2022, FINRA is experiencing an issue with ORF clearing messages for transactions that are cancelled, corrected, broken or reversals and thus causing duplicate settlement messages and incorrect settlement amounts for those transactions.
In the interim, until FINRA resolves the issue, FINRA requests ORF clients work with their clearing firms to send the necessary