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Thursday, August 21, 2025

Equity Trader Alert #2025 - 60
FINRA/Nasdaq TRF FIX Specification Update

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

Nasdaq is publishing a trade reporting FIX Specification version update for the FINRA/Nasdaq TRFs. Please refer to the Specifications Page for more information.

Firms may test these changes in production on Saturday, September 13th. For more information regarding the Nasdaq Testing Facility (NTF), including billing and registration information, please refer to our NTF Overview, FAQ, and pricing pages.

For FINRA/Nasdaq TRF technical questions about the FIX Specification changes or Saturday testing, please contact Nasdaq Trading Services or TRF Ops at +1 212 231 5180.

“FINRA/Nasdaq TRF” means the FINRA/Nasdaq TRF Carteret and the FINRA/Nasdaq TRF Chicago, depending on the facility to which the member firm reports.

FINRA™, Trade Reporting Facility™ and TRF™ are trademarks of Financial Industry Regulatory Authority, Inc.; FINRA/NASDAQ TRF™ is used under license for Financial Industry Regulatory Authority, Inc.


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