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Thursday, October 1, 2015

Equity Technical Update #2015 - 16
Nasdaq Updates FINRA/Nasdaq TRF Specifications for FINRA Proposed Rule Change Relating to the Submission of Clearing-Only, Non-Regulatory Reports

Category:

  • System Impact

Markets Impacted:

Contact Information:

Resources:

As referenced in FINRA Rule Filing 2015-035, the FINRA/Nasdaq TRF will support the amendment to FINRA rules governing the reporting of over-the-counter (OTC) transactions beginning Monday, February 1, 2016.

To support this change, the FINRA/Nasdaq TRF specifications have been updated to include:

  • Clearing-only, Non-Regulatory Reports

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

Updated FIX and CTCI specifications are available in the Post-Trade section of the specifications page.

NTF Testing Information

Support for Clearing Only, Non-Regulatory Reports is expected to be available in the Nasdaq Test Facility (NTF) on November 20, 2015.

Street-Wide Testing Information

The street-wide testing schedule has been updated as follows:

  • Saturday, December 12, 2015 (regular monthly UAT)
  • Saturday, January 9, 2016 (regular monthly UAT)

Please review the specification changes and prepare your systems as appropriate. Please contact U.S. Market Operations at +1 212 231 5180, FINRA Market Operations at +1 866 766 0800, or FINRA Office of General Counsel (OGC) at +1 202 728 8071 with any questions.

FINRATM, Trade Reporting FacilityTM and TRFTM are trademarks of Financial Industry Regulatory Authority, Inc.


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