Regulatory Notice 22-12 TRACE Amendments
FINRA Adopts Amendments to TRACE Reporting Rule to Require Identification of Portfolio TradesĀ 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.Ā BackgroundĀ 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[…]