TRACE Trade Reporting of Treasury Securities

Effective Monday, July 10, 2017, FINRA member firms will be required to report transactions executed in Treasury securities (Treasuries) to TRACE as per Regulatory Notice 16-39.

The Treasury transaction message formats closely resemble the current TRACE Corporate format, with some differences, most notably:

The Trading Market Indicator, and existing P1 and S1 designations, will not be supported.
A When Issued Indicator has been added.
The Trade Price field has been expanded to support 11 decimal places.
A Price Type has been added to designate the transaction price format.
The Execution Time has been expanded to support microseconds, and,
Modifier 4 will contain new values.

Please reference the TRACE for Treasuries technical specifications for complete details on the reporting formats.

Reference data files will be made available via the TRACE Application Programming Interface (API) for Treasury securities, allowing users to download the security master list and view changes to the securities list via the Daily List download.

TRACE Technology Changes/Specifications

The TRACE for Treasuries

TRACE FIX Specification for Treasury Securities

TRACE CTCI Specification for Treasury Securities

, and

TRACE Web API Specification for Treasury Securities

specifications incorporate the technical requirements necessary for firms to report Treasury securities transactions to TRACE and to receive Treasuries reference data via the API.

Member firms and vendors are encouraged to review the attached versions of these specifications and direct any questions via email to FINRA Product Management or by calling (866) 899-2107. FINRA will issue additional details as they become available.