BREAKING: Revolutionary Changes to Trade Reporting Are Coming! Prepare for a New Era!
TRADING SHOCKWAVES: New Rules Set to Rattle Firms!
Hold onto your wallets, folks! Major changes are shaking up the FINRA/Nasdaq Trade Reporting Facilities (TRFs), and you won’t want to be left in the dust! Starting July 18, 2025, and August 1, 2025, brace yourselves as an EXPLOSION of new trade modifier acceptance criteria hits the scene, allowing trades greater than T+365, even on HOLIDAYS and WEEKENDS!
WHAT YOU NEED TO KNOW!
This isn’t small potatoes; we’re talking upgraded validations that could impact your trading strategies! Firms must now comply with updated rules that depend on the trade date and publish trade indicators. The stakes have never been higher—will YOU be ready?
UNVEILING the NEW CRITERIA!
Check out the astounding changes in trade acceptance criteria that may have you rethinking your entire approach! Here’s the juicy breakdown:
- Weekday Trades: Think you know the ropes? Think again! You’ll now have to navigate a maze of required values for modifiers that could determine the fate of your trades!
- Holidays & Weekends: Yes, you read that right! Holiday trading is getting a facelift! Know how to adjust those modifiers because the old criteria have been turned upside down!
DON’T BE CAUGHT OFF GUARD!
Firms MUST adapt their reporting behaviors to comply with the new rules! Get ready to fine-tune your strategies! You’ll need the right modifiers in place to avoid chaos, and guess what? All those pesky validations on modifiers will still apply—think combinations and execution times!
TEST, TEST, and TEST AGAIN!
Mark your calendars! Testing is crucial! With changes hitting the Chicago TRF in 2025 and Carteret shortly after, EVERY firm must get in gear and test out the new functionalities NOW! Remember, you have a dazzling 30 days of FREE testing in the Nasdaq Test Facility—don’t waste it!
TIME IS TICKING—ACT NOW!
Got questions? Need clarification? Don’t sit back! Reach out to Nasdaq TRF Operations or FINRA Market Operations. The clock is ticking, and the trade world is about to turn upside-down!
This is YOUR opportunity to stay ahead of the game—make sure you’re prepared for the seismic shifts about to erupt in the trading landscape!
