FINRA Reminds Market Participants to Transition from CTCI to FIX Protocol

FINRA reminded market participants that it will no longer support the Computer-to-Computer Interface ("CTCI") as a reporting method for TRACE and Over-the-Counter Reporting (or "ORF") products.

FINRA stated that market participants using the CTCI protocol will need to transition to the Financial Information Exchange (or "FIX") protocol by February 3, 2020.