OREANDA-NEWS. 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.

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.