Technical Notice

Changes to System for Reporting TRACE Securitized Products Transactions

July 08, 2011

On Monday, July 11, FINRA will implement functional changes to the Trade Reporting and Quotation Service (TRAQS), which firms use to report TRACE securitized products transactions.

Changes to the TRAQS secure website will include:

  • The ability for GiveUp (reporting) parties to modify and/or cancel the transaction
  • Additions to the Reject Scan Data Grid
    • Reporting Party GiveUp (RPGU) and Contra Party GiveUp (CPGU) labels
    • Reporting Party (RPID) and Contra Party (CPID) labels
    • Reject Time label
  • An addition to the Unmatched Trade Reports Data Grid
    • RPGU and CPGU labels
  • Filter criteria for Trade Management Scan and Unmatched Trade Reports data
    • Ability to filter data based on To and From date ranges

In addition, FINRA will modify general processing procedures to allow Specified Pool Transactions to be identified (O) in the Trade Modifier 4 data field for TBA security trade reports.  Previously, this value was only supported for trade reports in mortgage-backed securities.

For questions, please send an email to FINRA Product Management or call (866) 899-2107.