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Friday, November 7, 2008

Data News #2008 - 86
FINRA Data Feeds Early Close Schedule for Friday, November 28, 2008 and Wednesday, December 24, 2008

Please Route to:

  • Direct FINRA Data Feed Recipients
  • FINRA Market data Redistributors

Data Feeds Impacted:

  • Bulletin Board Dissemination Service (BBDS)
  • Trade Data Dissemination Service (TDDS)
  • Bond Trade Dissemination Service (BTDS)

Summary:

  • FINRATM plans to close its systems three hours early on the following two dates in the fourth quarter of 2008:
    • Friday, November 28, 2008
    • Wednesday, December 24, 2008
  • To accommodate the early close on these two dates, FINRA will modify its transmission schedules for the BBDS, TDDS and BTDS data feeds.
  • FINRA will also be closed on Thursday, November 27, 2008, and Thursday, December 25, 2008, in observance of the in observance of the Thanksgiving and Christmas holidays.

Background:

The Financial Industry Regulatory AuthorityTM (FINRATM) will close its systems three hours early on the following two dates in the fourth quarter of 2008:

  • Friday, November 28, 2008
  • Wednesday, December 24, 2008

For these two dates, the early close schedule for the FINRA systems will be:

FINRA System Regular Market Close Eastern Time (ET) Extended Trading Hours Close (ET
OTC Bulletin Board (OTCBB) 1:00 p.m. 3:30 p.m.
ACT Trade Reporting System for OTCBB and other over-the-counter equities 1:00 p.m. 5:00 p.m.
TRACE Trade Reporting System for US corporate bonds 1:00 p.m. 3:30 p.m.

FINRA will also be closed for business on Thursday, November 27, 2008, and Thursday, December 25, 2008, in observance of the Thanksgiving and Christmas holidays.

Data Transmission Schedules for November 28th and December 24th:

In conjunction with the early market close, FINRA will modify its data feed transmission schedules for BBDS, TDDS and BTDS for Friday, November 28, 2008, and Wednesday, December 24, 2008:

Bulletin Board Dissemination ServiceSM (BBDSSM)

Adjusted Time, Eastern Time (ET) Message Transmission Message Category Message Type(s)
1:00 p.m. U.S. Session Close control message C C
3:30 p.m. End of OTCBB Market Participant and Inside quotation Q 1

 

Trade Data Dissemination ServiceSM (TDDSSM)

Adjusted Time, Eastern Time (ET) Message Transmission Message Category Message Type(s)
1:00 p.m. U.S. Session Close control message C C
2:20 p.m. Initial Instance of the Closing Trade Summary Report for OTCBB and other Over-The-Counter (OTC) equities A 1
5:05 p.m. End of Trade Reporting control message C X
5:10 p.m. Final Instance of the Closing Trade Summary Report for OTCBB and other OTC equities A 1

Please note that on an early close day, OTCBB and OTC equity trade transactions reported to ACT after 1:00 p.m., ET, should be marked with the ".T" or ".U" sale condition.

 

Bond Trade Dissemination ServiceSM (BTDSSM)

Adjusted Time, Eastern Time (ET) Message Transmission Message Category Message Type(s)
8:00 a.m. to 3:30 p.m. Trade-related messages for eligible TRACE bonds T A, B, C
1:00 p.m. U.S. Market Close control message C C
1:01 p.m. Daily Trade Summary message spin A C
4:05 p.m. End of Trade Reporting control message C X

Please note that on an early close day, corporate bond trades entered into the TRACE system after 1:00 p.m., ET, will be appended with the ".A" sale condition.

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