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Wednesday, July 20, 2016

Equity Trader Alert #2016 - 164
Postponed: FINRA/Nasdaq TRF is postponing the disablement of “ACT Not Ready” MPIDs scheduled for August 1, 2016

Category:

  • System Impact

Markets Impacted:

Contact Information:

What you need to know?

The FINRA/Nasdaq TRF has postponed the disablement of “ACT Not Ready” MPIDs, which was previously scheduled for August 1st, 2016.

What was Changing?

As previously announced in a directed email to impacted firms, under the direction of FINRA, firms were no longer going to be able to use ‘Not Ready’ MPIDs on match/compare or locked-in trade reports. All “ACT Not Ready” MPIDs were going to be disabled on Monday, August 1, 2016. This action is postponed until further notice. Nasdaq will continue to work with firms that elect to update their MPID designations, as set forth below.

What is ACT Not Ready?

An “ACT Not Ready” MPID is an MPID that is setup within the FINRA/Nasdaq TRF but is not enabled for trade entry or trade action. Historically, the “Not Ready” designation was meant to be used on a temporary basis only until a firm was able to connect to the TRF system via the Nasdaq Workstation, Weblink ACT 3.0, FIX or CTCI trade entry ports.

Action Items for Firms

Firms with MPIDs that are designated as ACT Not Ready are not required to take action at this time and can maintain the ACT Not Ready status for the time being. Firms can elect – but are not required to – either:

  • Gain connectivity and get an updated designation as "Ready" or
  • Confirm disablement of any inactive MPIDs

Firms that are currently reporting trades against MPIDs that are "ACT Not Ready" are also being notified that disablement is being postponed.

If you have any questions, please contact Nasdaq TRF Ops at +1 212 231 5100.

FINRATM, Trade Reporting FacilityTM and TRFTM are trademarks of Financial Industry Regulatory Authority, Inc.; FINRA/NASDAQ TRFTM is used under license for Financial Industry Regulatory Authority, Inc.

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