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FRACTIONAL SHARE FRENZY: Get Ready for Game-Changing Reporting!

SHOCKING NEW RULES DROP: Are You Prepared?

Hold onto your wallets, traders! Starting February 23, 2026, the FINRA/Nasdaq TRF will turn the trading world upside down with FRAC-TIONAL SHARE quantity reporting! Yes, you heard that right! Get in line and mark your calendars because this is BIG!

What’s the Scoop?
After years of single quantity standards, FINRA/Nasdaq TRF is welcoming a brand new era where fractional shares can finally shine! Firms dealing in these tiny trades will now be REQUIRED to report in both Quantity and Fractional Share Quantity fields. The Quantity field remains the same—just integers, folks—but the Fractional Share field is about to get wild! Up to 15 characters of trading mayhem, complete with a decimal twist!

Don’t Get Left Behind!
If your company trades fractional shares, NOW is the time to ramp up your reporting skills! Get familiar with the new systems, because every single FINRA/Nasdaq TRF participant must adapt or risk being left in the dust.

EXPLOSIVE Updates on Reporting Messages!
But wait, there’s even MORE! FINRA/Nasdaq TRF has decided to amp up their FIX reject messages, expanding them to include ALL trade info! That’s right—no more guessing games! Be ready for this expansion set to spark in Q4 2025. Details will come later, so stay tuned and don’t miss the boat!

Key Deadlines Incoming—ACT NOW!
Want to be ready before the changes send shockwaves through the market? Get your game face on and test your systems in the Nasdaq Test Facility by October 2025. You can even test FOR FREE for a whole month! But be sure to register quickly—slots fill up fast!

Important Testing Dates to Circle:

• 11/15/25
• 12/13/25
• 1/10/26
• 2/7/26

Get Informed or Get Left Behind!
For traders who want to keep their edge, knowing all the ins and outs is crucial. Follow up on any questions or technical issues now before time runs out. The clock is ticking!

Don’t let these changes sweep you under! The FINRA/Nasdaq TRF’s dramatic shift is not just a minor adjustment—it’s a full-blown REINVENTION of trading as we know it! Get out there, get tested, and prepare to dominate the fractional share reporting game!