Exam Alert: TRACE data feeds to include BSYM
Effective July 25, 2012, FINRA will update the Agency Debt Trade Dissemination Service (ATDS) and the Bond Trade Dissemination Service (BTDS) data feeds to include the BSYM (Bloomberg Symbol) for transactions in fixed income securities. The Web API for Securitized Products will also include the BSYM.
The BSYM is a twelve-digit alphanumeric identifier for securities that is assigned by Bloomberg. Note that the BSYM only available for "data receipt processing purposes" on TRACE (Trade Reporting and Compliance Engine). The BSYM may not be used to report trades in fixed income securities to TRACE.
Sources:
TRACE Data Changes (TRACE Notice)
This alert applies to the Series 7, Series 24, and Series 62.
Exam Alert: FINRA amends TRACE reporting requirements, moves trade processing onto MPP
The SEC has approved amendments to FINRA's reporting requirements for transactions in TRACE-eligible securities other than asset-backed securities. These amendments are associated with FINRA plans to move trade processing for TRACE-eligible securities that are not currently on the multi product platform (MPP) onto the MPP. The affected securities include corporate bonds and agency debt securities. The changes include:
-Firms can report the actual date of execution for transactions executed on non-business days.
-Firms must report the size of a transaction as the total par value or principal value traded.
-Firms must report the total dollar amount of the commission.
-Firms must report the date of settlement.
The amendments and the platform migration will take effect February 6, 2012.
Source: FINRA Regulatory Notice 11-53
This alert applies to the Series 7, Series 24, and Series 62.
Exam Alert: SEC approves amendments to FINRA TRACE transaction reporting rules
The SEC has approved amendments to transaction reporting rules for FINRA's TRACE system. Effective May 16, 2011, these amendments cover several specific changes. Some of these changes address the structure of the text of the rules, as well simplifying definitions and reporting requirements. The changes add alternative reporting requirements and notification requirements for certain asset-backed securities transactions. They also add the Financial Information eXchange (FIX) as a method to report transactions to TRACE.
http://www.finra.org/Industry/Regulation/Notices/2011/P123566