OREANDA-NEWS. July 07, 2015. As previously announced in Equity Technical Update #2015-1 and Equity Technical Update #2015-3, the FINRA/Nasdaq TRF will support the amendments to FINRA rules governing the reporting of over-the-counter (OTC) transactions.

Nasdaq strongly recommends participants be aware of upcoming changes below and to test the highlighted functionality in the NTF.

The FINRA/Nasdaq TRF updated specification changes include:

  • Reporting an additional time field for specified trades
  • Linking reversal reports to the original trade
  • Reporting trades executed on non-business days
  • Reporting trades that are more than 365 days old
  • Using a new "step-in" indicator
  • Using additional "step-out" designations
  • Position Transfers
  • Change in Decline Trade Processing
  • Defaulting Capacity

NTF Testing Information

The highlighted changes are currently available in the Nasdaq Test Facility (NTF) for testing by market participants.

Street-Wide Testing Information

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

  • FINAL TEST: Saturday, June 11, 2015 (regular monthly UAT)

This will be the FINAL Saturday testing opportunity before the July 13th go-live.