Report Change Overview and what you need to know:

As previously announced in ETA #2026-4, Nasdaq is consolidating the current nine variants of the Equity Trade Journal into three main versions, simply titled The Equity Trade Journal, the Equity Trade Journal by Security, and the Equity Trade Journal for Clearing Firms. The reports supporting extended timestamps and fractional shares will be merged into the respective main reports. For details on the extended timestamp report, see ETA #2021-44. For details on the fractional shares report, see ETA #2025-40. Both extended timestamp functionality and fractional shares specificity will be supported in the merged report.

This migration will occur on August 3^rd, 2026. Note that after this date, all previously existing reports will be retired. It will be the user’s responsibility to save or rerun any historical reports with any old versions of the reports prior to retirement. For further clarification of how this change will impact each existing report, see this table:

How will each existing column in the reports be impacted?

The merged report will include one new column to the existing “main” reports: the FractionalQty field. The following fields will be updated from millisecond to nanosecond precision: rpttime, exetime, crpttime, cexetime, accpttm, dclntm, cmptime, salecnd2reportedtime, and salecnd4reportedtime. Note that for all versions of the clearing ETJ, those final two fields listed are currently referred to as salecnd2rpttime and salecnd4rpttime. Trades reported in milliseconds with display with trailing zeros to reflect nanosecond precision. Refer to the specifications here for any specific clarifications on any of these fields.

Who is impacted by the report change?

All Equity Trade Journal subscribers will be impacted. Subscribers of any version of the Equity Trade Journal will continue to receive their report, but it will be updated to include the extended timestamp change and the fractional share fields. Subscribers of the existing or current extended timestamp report or a fractional share report will be migrated to the respective new merged report. For example, a user subscribed to the Equity Trade Journal by Security - Fractional Shares will be migrated to the merged Equity Trade Journal by Security.

No client action is required when the cutover happens on 8/3/26, however, firms that do not prepare for the fields in the merged report may experience product disruptions if they do not prepare to receive the new fields in accordance with the specification updates. Clients who subscribe to daily electronic SFTP report delivery may have trouble receiving the reports if they do not update their processes to locate the reports with new names. Clients who choose to receive ad hoc report delivery will no longer be able to locate reports with the old names. After 8/3/26, if a client wants to run an ETJ report from a historical date or date range, the report(s) will be generated in the new report specification format.

How can I prepare for this change?

Nasdaq will provide an early version of these reports on ReportHQ on June 1^st, 2026. Users will have two months to test the new file format before their existing subscriptions will be migrated to the new reports. The early versions of these reports will include all the updated specifications but note that they will have a different report name. These reports will be titled Equity Trade Journal Beta, Equity Trade Journal for Clearing Beta, and Equity Trade Journal - by Security Beta. Users subscribed to these reports and no other versions of the ETJ will not be migrated. These reports will be retired along with the legacy reports on 8/3/26. See this table for clarification:

Additional Information

For questions related to Equity Trade Journal report changes or testing, please contact Nasdaq Trading Services or TRF Ops at +1 212 231 5180.