ARTICLE
30 August 2018

FINRA Proposes Removal Of TRACE Connectivity Option

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
FINRA proposed amendments to Rule 7730 (Trade Reporting and Compliance Engine ("TRACE")) by eliminating "Computer-to-Computer Interface" as a means of connectivity.
United States Corporate/Commercial Law

FINRA proposed amendments to Rule 7730 (Trade Reporting and Compliance Engine ("TRACE")) by eliminating "Computer-to-Computer Interface" as a means of connectivity. If the proposal is approved by the SEC, it will be implemented on February 3, 2020.

According to FINRA, during the implementation timeframe, FINRA "will engage in extensive outreach with the industry to assist in migration awareness and efforts."

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