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FINRA Adding New TRACE Services (Optional)

January 13, 2012
FINRA filed for immediate effectiveness to amend Rule 7730 and establish fees in connection with 2 new optional TRACE data services - (i) TRACE Data Delivery Plus;  (ii) TRACE Data Delivery Secure File Transfer Protocol (“TRACE Data Delivery SFTP”).  Firms have the option to enroll in neither, one or both of these services. Background. The FINRA Automated Data Delivery System (“FINRA ADDS”) is a secure website providing a firm, by MPID, access to TRACE trade journal files.  Currently, the TRACE trade journal files in FINRA ADDS are available for ABS transactions only. The TRACE trade journal files for corporate bonds and Agency Debt Securities will be available in FINRA ADDS when FINRA migrates the reporting of Corporate/Agency Debt Securities and related data functions from legacy TRACE technology to a new technology platform, the Multi-Product Platform (“MPP”).   When that happens, FINRA ADDS trade journal files for transactions in such securities that are reported on or after the date of the migration will become available. Although trade journal files for all transactions in TRACE-Eligible Securities will become accessible through FINRA ADDS beginning on that date, the ABS trade journal files will be separate from the Corporate/Agency Debt Securities trade journal files. Currently, to access the transaction information in FINRA ADDS, a firm must access the service by its MPID.  The MPID must submit a request for a trade journal file for a specified date, which must be within 30 calendar days prior to the date of the request.  A “report,” which is a trade journal file for one date listing all transactions in ABS's in which the MPID was a party that were reported on the specified date, is provided in response. The FINRA ADDS service is free, and there are no limits on the number of requests for reports that a firm may make or the number of firm personnel associated with a specified MPID that may submit such requests. For further details, go to:   [FINRA Rule Filing 12-02, 1/12/12].