Reminder – Testing U.S. Treasury Securities Executed to Hedge a Primary Market Transaction
Beginning August 3, 2020, members are required to begin to report transactions in U.S. Treasury Securities executed to hedge a List or Fixed Offering Price Transaction or a Takedown Transaction (as defined in FINRA Rule 6710) with an appropriate identifier. See additional information regarding this change in Regulatory Notice 19-30.
Testing
From Monday, June 1, 2020, through Friday, July 31, 2020, members may conduct testing for the upcoming change. The testing will be available through the NASDAQ Testing Facility (NTF).
Members may test free of charge in NTF for 30 calendar days. Once a member informs the NASDAQ test team testing has commenced, the free period will begin and cannot stop. Members must notify [email protected] at the commencement of testing. After the 30-day period ends, normal NTF fees will apply for connecting and testing. Questions regarding NTF fees can be directed to NASDAQ Technical Services at (212) 231-5180.
In addition to testing in the NTF environment, FINRA has scheduled Production User Acceptance Tests for the following dates:
- Saturday July 11, 2020
- Saturday July 25, 2020
Testing Registration
This information is for connecting for trade reporting in the NASDAQ Testing Facility. Only authorized members may enter and process test transaction data in the NTF environment.
| Subject | Information | Contact |
|---|---|---|
|
Test registration |
Required |
FINRA Product Management; (866) 899-2107 |
|
Testing hours |
Mon – Fri 8 a.m. – 6 p.m. ET |
|
|
Connectivity requirements – FIX (NTF trade reporting) |
To enter test trades and receive acknowledgements via FIX ensure you are routing messages to the NTF environment. |
To authorize an NTF port connection - NASDAQ Subscriber Services at (212) 231-5180. |
|
Connectivity requirements – TRAQS (NTF trade reporting and transaction view) |
To view transactions on the TRAQS test website: https://www-ntf.finratraqs.org/ |
FINRA Market Operations; (866) 776-0800 |
FINRA will issue additional technical notices regarding user acceptance testing and other relevant information about this software release as the new production date approaches.
Please contact FINRA Product Management or call (866) 899-2107 with questions regarding this notice.