FINRA Reminds ATSs of Effective Date for TRACE Reporting of Treasury Securities

In a Regulatory Notice, FINRA reminded firms that after April 12, 2019, alternative trading systems ("ATSs") and broker-dealers that subscribe to ATSs will be required to report to TRACE each individual transaction in U.S. Treasury securities executed in a trading session on the ATS (i.e., report transactions on a "disaggregated" basis) together with the time and price at which each individual transaction was executed.