TRACE Archives - MasterCompliance

Regulatory Notice 22-12 TRACE Amendments

Posted on September 20, 2022 by SCM Communications

FINRA Adopts Amendments to TRACE Reporting Rule to Require Identification of Portfolio Trades Effective May 15, 2023 if you trade in TRACE-eligible securities and those securities are part of a portfolio trade, you will be required to input an appropriate modifier. The Sale Condition 4 modifier, available via the TRAQS secure web browser and the TRACE FIX protocol (Tag 22004), will be available for this designation. Regulatory Notice 22-12 provides information on the new requirement and considerations for compliance. Background FINRA has amended Rule 6730 to require members to append a new portfolio trade modifier when reporting corporate bond trades Read more about Regulatory Notice 22-12 TRACE Amendments[…]

TRACE – Another Proposed Rule Change

Posted on August 25, 2016January 21, 2021 by SCM Communications

FINRA is proposing to expand the Trade Reporting and Compliance Engine (TRACE) reporting rules to include most secondary market transactions in marketable U.S. Treasury securities. The market in U.S. Treasury securities—or Treasuries —is the deepest and most liquid government securities market in the world.

Treasuries are traded by broker-dealers as well as commercial bank dealers and principal trading firms (PTFs) that are not registered as broker-dealers with the SEC or members of FINRA. Read More…