Exam Alert: FINRA launches data feed for securitized products, gives reminder about TRACE changes

Effective November 5, 2012, FINRA will launch the Securitized Products Dissemination Service (SPDS), which will act as a data feed for TRACE-eligible securitized products. FINRA also reminds firms of the changes to certain trade reporting and dissemination requirements set to take effect November 5, 2012. Continue reading

Effective November 5, 2012, FINRA will launch the Securitized Products Dissemination Service (SPDS), which will act as a data feed for TRACE-eligible securitized products.  SPDS will provide real-time last sale data and other transaction information.  SPDS, in its initial implementation, will only disseminate information for transactions in agency pass-through mortgage-backed securities that are traded to be announced (TBA).

FINRA also reminds firms of the changes to certain trade reporting and dissemination requirements set to take effect November 5, 2012.  These changes apply to transactions in TRACE-eligible securities that are agency pass-through mortgage-backed securities that are traded to be announced (TBA transactions).  For additional details, please see the prior exam alert on this change.

Source: Amendments to TRACE Reporting Requirements and Dissemination of Agency Pass-Through Mortgage-Backed Securities Traded To Be Announced

This alert applies to the Series 7, Series 24, and Series 62.

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. Continue reading

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)

Bloomberg Press Release

This alert applies to the Series 7, Series 24, and Series 62.