Trade Reporting and Compliance Engine (TRACE) | FINRA.org

Trade Reporting and Compliance Engine (TRACE)

The Trade Reporting and Compliance Engine is the FINRA-developed vehicle that facilitates the mandatory reporting of over-the-counter transactions in eligible fixed income securities.

All broker-dealers who are FINRA member firms have an obligation to report transactions in TRACE-eligible securities under an SEC-approved set of rules. 

Technical Notices

Keep track of service alerts, changes to documentation and system upgrades.

Technical Documentation

Download user guides and API specifications for the various TRACE reporting systems.

Frequently Asked Questions

Find answers to common questions regarding TRACE.

Fees

FINRA Rule 7730 explains the charges required for using TRACE.

TRACE Data & Licensing

Download data tables, independent research and the TRACE Fact Book.

Report Cards

TRACE report cards help firms monitor their reporting obligations.

TRACE Legal Agreements and Forms

Download the FINRA Participation Agreement (FPA), release forms, and other legal agreements pertaining to TRACE.

TRACE NOTIFICATIONS

Sign up to receive periodic emails regarding:

  • system status
  • system updates
  • planned outages
  • other important events

SUBSCRIBE

CONTACT TRACE

FINRA Operations: (866) 776-0800

Technical Support: (212) 231-5180

  • Regulatory Notice 25-17
    FINRA Adopts Amendments to Rule 6730 (Transaction Reporting) to Streamline Allocation Reporting for BD/IAs
    12/04/2025
  • Regulatory Notice 24-06
    FINRA Adopts Amendments to Enhance Post-Trade Transparency in the U.S. Treasury Securities Market
    03/08/2024
  • Regulatory Notice 22-28
    FINRA Adopts Amendments to Require Reporting of Transactions in U.S. Dollar-Denominated Foreign Sovereign Debt Securities to TRACE
    12/13/2022
  • Regulatory Notice 22-27
    FINRA Adopts Enhancements to TRACE Reporting for U.S. Treasury Securities
    12/01/2022
  • Regulatory Notice 22-26
    FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot Trades
    11/29/2022
  • Regulatory Notice 22-17
    FINRA Requests Comment on a Proposal to Shorten the Trade Reporting Timeframe for Transactions in Certain TRACE-Eligible Securities From 15 Minutes to One Minute
    08/02/2022
  • Regulatory Notice 22-13
    Exemption From Trade Reporting Obligation for Certain Transactions on Alternative Trading Systems
    06/14/2022
  • Regulatory Notice 22-12
    FINRA Adopts Amendments to TRACE Reporting Rule to Require Identification of Portfolio Trades
    05/24/2022
  • Regulatory Notice 21-02
    FINRA Modifies TRACE Dissemination Protocols for Specified Pool Transactions
    02/02/2021
  • Regulatory Notice 20-43
    FINRA Requests Comment on Enhancements to TRACE Reporting for U.S. Treasury Securities
    12/23/2020
  • Regulatory Notice 20-29
    FINRA Requests Comment on the Practice of Pennying in the Corporate Bond Market
    08/17/2020
  • Regulatory Notice 20-24
    FINRA Requests Comment on Proposed Changes to TRACE Reporting Relating to Delayed Treasury Spot and Portfolio Trades
    07/16/2020
  • Regulatory Notice 19-30
    SEC Approves Amendments Relating to Transactions in U.S. Treasury Securities Executed to Hedge a Primary Market Transaction
    09/19/2019
  • Regulatory Notice 19-25
    FINRA Requests Comment on a Proposal to Require Reporting of Transactions in U.S. Dollar-Denominated Foreign Sovereign Debt Securities to TRACE
    07/26/2019
  • Trade Reporting Notice – 7/19/19
    FINRA Reminds Firms of Their Obligations Regarding TRACE Reporting
    07/19/2019
  • Regulatory Notice 19-22
    FINRA Requests Comment on a Proposal to Publish ATS Volume Data for Corporate Bonds and Agency Debt Securities on FINRA’s Website
    07/09/2019
  • Regulatory Notice 19-12
    FINRA Requests Comment on a Proposed Pilot Program to Study Recommended Changes to Corporate Bond Block Trade Dissemination
    04/12/2019
  • Regulatory Notice 19-03
    FINRA Reminds ATS Subscribers and ATSs of the April 13, 2019, Effective Date for Disaggregated Transaction Reporting
    01/25/2019
  • Trade Reporting Notice – 1/22/19
    TRACE Reporting of OTC Transactions in Listed Bonds
    01/22/2019
  • Trade Reporting Notice – 1/9/19
    U.S. Treasury Security Auction Awards
    01/09/2019
  • Regulatory Notice 18-35
    SEC Approves Rule Change to Modify the Dissemination Protocols for Agency Debt Securities
    10/16/2018
  • Regulatory Notice 18-34
    SEC Approves Amendment to Require Alternative Trading Systems to Identify Non-FINRA Member Subscribers in TRACE Reports for U.S. Treasury Securities
    10/04/2018
  • Regulatory Notice 18-09
    FINRA Updates Designation Criteria to Require Firms Reporting U.S. Treasury Securities to TRACE to Participate in FINRA's Business Continuity/Disaster Recovery Testing
    03/07/2018
  • Regulatory Notice 17-36
    SEC Approves Rule Amendment to Create a New TRACE Security Activity Report and End-of-Day TRACE Transaction File Effective Date: February 1, 2018
    11/03/2017
  • Regulatory Notice 17-24
    FINRA Issues Guidance on the Enhanced Confirmation Disclosure Requirements in Rule 2232 for Corporate and Agency Debt Securities
    07/12/2017
  • Regulatory Notice 17-23
    SEC Approves Rule Change to Reduce the Delay Period for the Corporate and Agency Debt Historic TRACE Data Sets
    07/11/2017
  • Trade Reporting Notice – 6/12/17
    Effective Date for Required Use of TRACE for Treasuries Modifiers
    06/12/2017
  • Trade Reporting Notice – 4/3/17
    FINRA Updates the Transparency Services FINRA Participant Agreement
    04/03/2017
  • Regulatory Notice 17-08
    SEC Approves Amendments to Require Mark-Up/Mark-Down Disclosure on Confirmations for Trades With Retail Investors in Corporate and Agency Bonds
    02/15/2017
  • Regulatory Notice 16-43
    SEC Approves Rule Amendment to Create a New Academic Corporate Bond TRACE Data Product
    11/16/2016
  • Regulatory Notice 16-39
    SEC Approves Rule Change to Require Reporting of Transactions in U.S. Treasury Securities to the Trade Reporting and Compliance Engine (TRACE)
    10/19/2016
  • Regulatory Notice 16-38
    SEC Approves Amendments to Disseminate Collateralized Mortgage Obligation (CMO) Transactions and to Reduce the Reporting Time for CMO Transactions
    10/17/2016
  • Regulatory Notice 16-30
    FINRA Reminds Firms of their Obligation to Report Accurately the Time of Execution for Transactions in TRACE-eligible Securities
    08/10/2016
  • Regulatory Notice 16-15
    Exemption from Trade Reporting Obligation for Certain Transactions on Alternative Trading Systems
    04/27/2016
  • Regulatory Notice 15-47
    SEC Approves Amendments to Require Firms to Add a No-Remuneration Indicator in TRACE Trade Report
    11/23/2015
  • Regulatory Notice 15-41
    SEC Approves Amendments to Require Firms to Report Transactions in TRACE-Eligible Securities As Soon As Practicable
    10/27/2015
  • Regulatory Notice 15-26
    FINRA Requests Comment on a New Academic TRACE Data Product
    07/16/2015
  • Regulatory Notice 15-24
    FINRA Requests Comment on the Reduction of the Delay Period for Historic TRACE Data
    06/23/2015
  • Regulatory Notice 15-14
    SEC Approves Amendments to Require Firms to Identify Transactions with Non-Member Affiliates in TRACE Trade Reports
    05/06/2015
  • Regulatory Notice 15-04
    FINRA Requests Comment on a Proposal to Disseminate Additional Securitized Products and to Reduce the Reporting Time Frame for These Products
    02/09/2015
  • Regulatory Notice 14-53
    FINRA Reminds Alternative Trading Systems (ATSs) and ATS Subscribers of Their Trade Reporting Obligations in TRACE-Eligible Securities
    11/21/2014