ARTICLE
9 December 2019

FINRA Reminds Market Participants To Transition From CTCI To FIX Protocol

CW
Cadwalader, Wickersham & Taft LLP

Contributor

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 reminded market participants that it will no longer support the Computer-to-Computer Interface ("CTCI") as a reporting method for TRACE and Over-the-Counter Reporting (or "ORF") products.
United States Finance and Banking

FINRA reminded market participants that it will no longer support the Computer-to-Computer Interface ("CTCI") as a reporting method for TRACE and Over-the-Counter Reporting (or "ORF") products.

FINRA stated that market participants using the CTCI protocol will need to transition to the Financial Information Exchange (or "FIX") protocol by February 3, 2020.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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