Search:
   

Monday, December 22, 2014

Equity Technical Update #2014 - 20
Nasdaq Updates FIX and CTCI TRF Specifications for FINRA Amendments

Category:

  • System Impact

Markets Impacted:

Contact Information:

Resources:

Effective Monday, April 20, 2015, as referenced in FINRA Regulatory Notice, the FINRA/Nasdaq TRF will support the amendments to FINRA rules governing the reporting of over-the-counter (OTC) transactions. To allow firms as much time as possible to prepare for this change, the FINRA/Nasdaq TRF specifications have been updated.

The FINRA/Nasdaq TRF changes include:

  • Reporting new additional time fields (Stopped Stock, Prior Reference Price, and ISO)
  • Linking reversal reports to the original trade
  • Reporting trades executed on non-business days and trades that are more than 365 days old
  • Using a new “step-in” indicator
  • Prior day cancel and corrections

Nasdaq strongly recommends participants review the specification changes and submit any questions or feedback.

Current changes for FIX and CTCI are available under “Post-Trade” on the Nasdaq Specifications page.

Note: Please use the "as of 4/20/15" dated specifications.
Any changes to the specifications will be made at NasdaqTrader.com and communicated via Technical Updates.

NTF Testing Information

Customers will have opportunities to test the changes in the Nasdaq Test Facility (NTF) and future Saturdays. A more detailed timeline will be published in the coming months.

Please review the specification changes and prepare your systems as appropriate. Please contact Nasdaq Market Operations at +1 212 231 5180 or FINRA Market Operations at +1 866 766 0800 with any questions.

FINRA™, Trade Reporting Facility™ and TRF™ are trademarks of Financial Industry Regulatory Authority, Inc.

 

Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile