Any clients, including Service Bureaus, that currently utilize CTCI and wish to continue to deliver electronic transactions should migrate to the FIX Protocol by Monday, 3^rd of February 2020.

FINRA announced their termination of CTCI protocol (CTCI/TCP; CTCI/MQ) support for both TRACE and Over-the-Counter Reporting (ORF) transaction reporting in August 2018, for more information please click here.

Supporting Documentation:

• FINRA Trade Reporting and Compliance Engine (TRACE) documentation can be found here
• FINRA Over the Counter Trade Reporting Facility documentation can be found here

FIX Extension Pack 209 (MSRB and FINRA TRACE Reporting Extension) was published in May 2016 to address the identification of trades executed on an Alternative Trading System (ATS).  The extension pack added a new valid value 17 = “Exempt from Trade Reporting” to PartyRoleQualifier(2376), a new field RemunerationIndicator(2356) to the side level of the TradeCaptureReport(35=AE) message, and added VenueType(1430) to the ExecutionReport(35=8) message.

FIX Protocol replaces Computer to Computer (CTCI) for reporting to Trace and Over- the -Counter Reporting (ORF) effective February 3, 2020. The final production test is January 11, 2020.

Any questions regarding this notice should sent to FINRA Product Management or call (866)899-2107.

Please click below for details:

https://www.finra.org/filing-reporting/orf/final-2019-ctci-migration-production-test-trace-and-orf

This Extension Pack supports identification of trades executed on an Alternative Trading System (ATS) in support of the MSRB and FINRA TRACE Reporting requirements.

Update History

[Updated 2016 08 03] Revised the abbreviation for Remuneration to Rmntn affecting the field RemunerationIndicator(2356).