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Monday, March 23, 2026

Equity Trader Alert #2026 - 16
REMINDER: Changes to FINRA/Nasdaq TRF System Hours Effective March 30, 2026

Category:

  • New Functionality

Markets Impacted:

Contact Information:

Resources:

What you need to know:

As announced in FINRA Regulatory Notice 25-15, the FINRA/Nasdaq TRF will begin supporting trade reporting starting at 4:00 AM Eastern Time (ET) on business days effective March 30, 2026. The new FINRA/Nasdaq TRF service hours will be 4:00 AM to 8:00 PM ET each business day, expanded from the current system hours of 8:00 AM – 8:00 PM ET each business day. For information on changes to firms’ reporting obligations in connection with expanded TRF hours, please refer to FINRA's rule filing: SR-FINRA-2025-011.

How will this change affect WorkX system hours and Price Override Requests (POR)?

WorkX hours will also be expanding in support of the new FINRA/Nasdaq TRF system hours, operating from 4:00 AM to 8:00 PM ET, effective March 30, 2026. WorkX add-on features (Post-Trade Risk, Equity Risk Checks (EQRC), Compliance Dashboard, Real-Time Stats and PRO Monitor services) will be available with the new system hours.

The POR feature in WorkX PRO Monitor, which allows for trades rejected for a price out of override range to be re-submitted to FINRA for review, will be available at 4:00 AM ET starting March 30, 2026, in accordance with FINRA's updated reporting rules.

More Information

Please refer to the Specifications Page for more information on the new hours.

“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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