Real-Time Data Agreements

Any party wishing to receive Real-Time TRACE Data in the form of a Data Feed or API/FTP (whether directly from FINRA, Extranet Providers, or via Retransmission Vendor) needs to establish a Vendor Agreement with FINRA. In addition, FINRA requires that all Vendors of TRACE market data report their Vendor and/or Subscriber Usage through the FINRA Vendor Management System, on a monthly basis as per the TRACE Usage Reporting Policy.

Agreements

Vendor Agreements (Real-Time Data Feed Access)

• Financial Industry Regulatory Authority, Inc. - TRACE Vendor Agreement 
  • Attachment B - Information Sheet (for Existing Vendors Only)
  • Deltaview Vendor Agreement Version 7.1 to Version 7.1a
• Addendum to Vendor Agreement Non-Pro Distribution (for Non-Professional Distribution)
• TRACE - Bloomberg BTDS Aggregates and Indices Addendum (for Market Aggregates and Indices - Vendors only)
• TRACE Free Trial Addendum (Free Trial Agreement – Vendors Only)

Required Additional Agreements for Real-Time Usage Reporting

• Vendor Management System Account Administrator Form
• FINRA Entitlement Agreement
• FINRA Entitlement Program Certification Representative (CRep) Designation Form

Subscriber Agreement Information (Terminals & Snapshot Data)

• Subscriber Agreement v 7.2
  • Subscriber Agreement Comparison v 7.1 to 7.2
• Subscriber Packet v 7.2
  • Subscriber Packet Comparison of Versions 7.1 to 7.2

Completed agreements can be sent electronically to TRACE Data Services.

Sample Files

• Sample Files Usage Disclaimer
• Real-Time BTDS-ATDS-BTDS144A
• Real-Time SPDS-SPDS144A

Fees

Real-Time Data Fees

Related Products

End-of-Day Data Information

Additional Information

TRACE Technical Specifications
Vendor Management System Guide
Frequently Asked Questions (FAQ) about the Trade Reporting and Compliance Engine (TRACE)

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If you have any questions, please contact us at (888) 507-3665 or TRACE Data Services.