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FINRA Proposes to Make New TRACE Security Activity Reports Available
Friday, June 23, 2017

On June 19, the Financial Industry Regulatory Authority filed a proposed rule amendment that would make new Trade Reporting and Compliance Engine (TRACE) Security Activity Reports available. Currently, FINRA Rule 7730 enumerates the TRACE data products that FINRA offers in connection with TRACE-Eligible Securities (i.e., certain debt and US Treasury securities). Under the amendment, Rule 7730 would provide for a TRACE Security Activity Report, which would include monthly aggregated statistics by security for corporate and agency bonds.

Among other things, the Security Activity Report would include basic information about each bond, transaction totals, a measure of market concentration and detailed aggregate par value volume information. The fee for this report will be established pursuant to a separate rule filing.

Comments on the rule amendment are due 21 days after the proposal is published in the Federal Register.

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