Two Independent Trade Reporting Facilities

    The FINRA/Nasdaq Trade Reporting Facility (TRF) provides market-leading match engine technology for US Equity Regulation NMS Listed Security trade reporting and clearing. With two trade reporting facilities, located in Carteret and Chicago, the FINRA/Nasdaq TRFs provide operational efficiency, resiliency, compliance with FINRA’s trade reporting rules as well as compliance with FINRA’s back-up facility requirement.

    Extensive data quality and validation checks according to regulatory technical standards and specifications to provide trade reporting accuracy. 

    The FINRA/Nasdaq Trade Reporting Facility (TRF) provides market-leading match engine technology for US Equity Regulation NMS Listed Security trade reporting and clearing. With two trade reporting facilities, located in Carteret and Chicago, the FINRA/Nasdaq TRFs provide operational efficiency, resiliency, compliance with FINRA’s trade reporting rules as well as compliance with FINRA’s back-up facility requirement.

    Extensive data quality and validation checks according to regulatory technical standards and specifications to provide trade reporting accuracy. 

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    TRF Infographic Web
    Nasdaq WorkX ->

    Your gateway to modern trade reporting. Providing modular trade reporting workflow, compliance and risk management services on a cloud-based technology stack. Offering easy-to-use tools for:

    • Trade reporting, compliance monitoring and workflow on the FINRA/Nasdaq TRFs.
    • Pre-trade and Post-trade risk management on Nasdaq Equity exchanges and FINRA/Nasdaq TRFs.

    North American Markets

    From breaking barriers as the first electronic stock exchange, to regularly eclipsing records for average daily volume (ADV) share, Nasdaq's North American markets give trading industry participants access to diverse and transparent liquidity in the equity and equity derivatives markets.

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