TRACE Ratings Source

Beginning Tuesday, April 3, 2018, FINRA will update the way it sources rating information for TRACE-eligible securities. This update will occur as part of FINRA's regular maintenance for the analysis of the TRACE Grade (Investment Grade or High-Yield) it places on these securities.

The change to the sourcing may result in modifications to the TRACE Grade assigned to some securities. Any such change will be reflected in the TRACE Security Master Files.

Please contact FINRA Market Operations or call (866) 776-0800 with questions about this notice.