SEC Approves New TRACE Data Reports

FINRA informed firms that the SEC approved a rule amendment to create two new data reports for Trade Reporting and Compliance Engine ("TRACE")-eligible securities: (i) the End-of-Day TRACE Transaction File, and (ii) the TRACE Security Activity Report. Beginning on February 1, 2018, the two new reports will be made available to subscribers.

The End-of-Day TRACE Transaction File will contain all transaction information for TRACE-eligible corporate and agency bonds in a single file. The report will include all data elements currently provided via FINRA's Real-Time Data Feed, such as CUSIP, price, size and contra-party data identifier. The TRACE Security Activity Report is a monthly report that will provide aggregated statistics by security for TRACE-eligible corporate and agency bonds on a 90-day delayed basis.

FINRA will charge a $750 fee per month for each report ($250 per month for qualifying tax-exempt organizations). Subscribers to FINRA's Real-Time Data Feed will not be charged an additional fee to receive the End-of-Day file for the feeds to which they have subscribed.