U.S. Treasury Securities Executed to Hedge a Primary Market Transaction

Beginning June 1, 2020, as described in Regulatory Notice 19-30 members must report transactions in U.S. Treasury Securities executed to hedge a primary market transaction [that meets the FINRA Rule 6710 definition of “List or Fixed Offering Price Transaction” or “Takedown Transaction”] with an appropriate identifier.  The Sale Condition 2 Identifier, available via the TRAQS secure web browser and the TRACE for Treasuries FIX protocol (Tag 22002) will be available for this designation. 

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FINRA will issue additional technical notices regarding testing and other relevant information about this software release as the production date approaches.  

Please contact FINRA Product Management or call (866) 899-2107 with questions regarding this notice.