FINRA - Financial Industry Regulatory Authority Inc.

08/22/2025 | Press release | Distributed by Public on 08/22/2025 11:06

Holiday Reminder Regarding FINRA Market Transparency Reporting Systems

In observance of Labor Day, FINRA's Market Transparency Reporting Systems will be closed on Monday, September 1, 2025. Affected applications include:

  • Alternative Display Facility (ADF)
  • Over-the-Counter Reporting Facility (ORF)
  • Trade Reporting and Compliance Engine (TRACE)
  • FINRA/Exchange Trade Reporting Facilities (TRFs)

As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Subscribers should take the necessary precautions to prevent data corruption for the following feeds:

  • TRACE data via:
    • Agency Trading Dissemination Service (ATDS)
    • Bond Trading Dissemination Service (BTDS)
    • Structured Products Dissemination Services (SPDS)
    • 144A Trade Dissemination Services (144A)
  • Trade Data Dissemination Service 2.1 (TDDS 2.1)

For more information, please review the Holiday Calendar for Market Transparency Reporting Systems, or contact FINRA Market Operations at (866) 776-0800.

FINRA - Financial Industry Regulatory Authority Inc. published this content on August 22, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 22, 2025 at 17:07 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]