FINRA Requests Comment on New Academic TRACE Data Product (FINRA Reg. Notice 15-26)

FINRA solicited comment on a proposal to create a new academic Trade Reporting and Compliance Engine^reg; ("TRACE") data set that would include masked market participant identifiers. The TRACE data product would only be available to academics from an institution of higher education, would enable researchers to track activity by individual dealers or groups of dealers and would allow academics to observe dealers' behaviors with measures such as intermediation costs, dealer participation and liquidity.

Comments must be submitted by September 14, 2015.

See:FINRA Reg. Notice 15-26; FINRA Press Release.