TRACE TEST SCRIPT - FINRA.org · FINRA TRACE – Treasuries UAT #3 6/17/2017 UAT Test Script Securities that will be used for testing in this script: Symbol CUSIP Sub Product

FINRA TRACE – Treasuries UAT #3 6/17/2017 UAT Test Script

TRACE

Production User Test Script TRACE for U.S. Treasuries

(Treasury Securities)

June 17, 2017

Time: 9 a.m. – 12 p.m. ET

Dial-in: 800.519.4276

Pass code: 8584438

This script can be used to test the entry for TRACE reporting of Treasury (TS) securities. It

allows users to enter Trades, Cancels and Corrections for TS sub-products: Bills (BILL),

Notes (NOTE), Tips (TIPS), and Strips (STRP).

Note: Testing is open for all participants to input the test cases using the listed securities;

however firms are free to test “off-script” as well for their own test cases.

Other notes:

Test cases in this test script are suggested test cases only. Firms are free to use their

own test cases and use other valid security symbols/cusips to perform their test. Firms may submit trades via FIX, CTCI and TRAQS Web input to the production

environment.

On Contra Party ID field where “Enter Firm MPID” is requested, please enter any

valid broker-dealer MPID as your contra party.

On ATS Exec ID field where “Enter Firm MPID” is requested, please enter any valid

ATS MPID from the table below as the ATS party.

Clearing Numbers are optional and may be entered if desired.

The Branch Sequence Number and Memo fields are optional and may be entered if

desired.

Unless a time is specified in the script, please use the current time as your Execution

Time.

For testing, the current business date will be 6/17/2017, which should be used as the

Execution Date where the field indicates “Current Date”.

Firms who participated in the May 20 or June 3 Treasuries UAT’s and recorded the

control numbers and details of transactions entered those days may attempt Reversals

against those transactions during this test.


Securities that will be used for testing in this script:

Symbol CUSIP Sub Product

TSRYS4493665

912796KB4 BILL

TSRYS4493692 912796LM9

BILL

TSRYS4493699

912796LU1 BILL

TSRYS4493704

912796LZ0

BILL

TSRYS4493795 912810DZ8

NOTE

TSRYS4493875

912810RS9

NOTE

TSRYS4494268

912828N97

NOTE

TSRYS4494250

912828M23

NOTE

TSRYS4493879

912810RW0

TIPS

TSRYS4493830

912810FS2

TIPS

TSRYS4494447

912828XL9

TIPS

TSRYS4493820

912810FD5 TIPS

TSRYS4493892

9128202N6

STRP

TSRYS4494118

912820X28

STRP

TSRYS4494501 912833KU3

STRP

TSRYS4494534

912833LV0

STRP


Valid ATS MPIDs:

ATS ID FIRM NAME

IEBC Brokertec Americas LLC

DLWB Dealerweb, Inc.

NFIT Execution Access, LLC

TWDA

Tradeweb Direct LLC (f/k/a

BondDesk Trading LLC)

TPCD Tullet Prebon Financial Services LLC


TRADE ENTRY

Field TEST CASE 1 TEST CASE 2 TEST CASE 3

Sub-Product BILL BILL BILL Reporting Party ID Enter Firm MPID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) BUY SELL BUY CUSIP 912796KB4 912796KB4 912796LM9

Symbol TSRYS4493665

TSRYS4493665

TSRYS4493692

Quantity 500,000.00 10,000,000.00 200,000.00 Contra Party ID C Enter Firm ID A Capacity (P/A) P A A Price 0.765000 .0267500 1.000000 Price Type Yield Negative Yield Yield ATS Exec MPID Settlement Type Price Override Execution Time Within the past 30 min

of current time Within the past 30 min

of current time 165900

Settlement Date 6/30/2017 6/30/2017 6/30/2017 As Of Indicator Y Execution Date Current date Current date 6/16/2017 Commission No Remuneration N RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 B Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Trade marked on time and as No Remuneration.

Trade marked on time and indicated as Basis

trade in Modifier 4.

Trade should be marked late – “Z”.

Control Number (if accepted) OR Reject Control Number (if rejected)

Comments


TRADE ENTRY


Sub-Product BILL BILL BILL Reporting Party ID Enter Firm MPID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) SELL SELL SELL CUSIP 912796LM9

912796LU1 912796LU1

Symbol TSRYS4493692 TSRYS4493699

TSRYS4493699

Quantity 10,000,000.00 850,000.00 999,999.00 Contra Party ID Enter Firm MPID C Enter Firm MPID Capacity (P/A) P A P Price 0.625 .85 .6575 Price Type Yield Yield Yield ATS Exec MPID Settlement Type Price Override Execution Time Within the past 30 min

of current time 120000 093000

Settlement Date 6/30/2017 6/30/2017 6/30/2017 As Of Indicator Y Execution Date Current date 6/16/2017 Current date Commission 225.6785 250.00 No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 W Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Trade marked on time and indicated as

Weighted Avg trade in Modifier 4.

Trade marked late – “Z” and with Commission.

Reject – Principal trade with

commission is not allowed


Comments

Attempt to repair trade entry to make trade as Agency Capacity to


verify it will be accepted.

TRADE ENTRY

Field TEST CASE 7 TEST CASE 8

Sub-Product BILL BILL Reporting Party ID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) SELL SELL CUSIP 912796LZ0

912796LZ0

Symbol TSRYS4493704

TSRYS4493704

Quantity 5,000,000.00 550,000.00 Contra Party ID Enter Firm MPID C Capacity (P/A) P A Price 0.7500 0.75675 Price Type Yield Yield ATS Exec MPID Enter Firm MPID Enter Firm MPID Settlement Type Price Override Execution Time Within the past 60 min

of current time Within the past 60 min

of current time Settlement Date 6/30/2017 6/30/2017 As Of Indicator Execution Date Current date Current date Commission No Remuneration RP Give Up RP Clearing # Special Price Indicator Y Special Price Reason Special Price Modifier 4 Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT


Special Price.

Reject – ATS Executions must be vs.

Inter Dealer Contra party.


Comments

Attempt to repair trade entry to make trade as


vs. Interdealer to verify it will be accepted.


TRADE ENTRY


Sub-Product NOTE NOTE NOTE Reporting Party ID Enter Firm MPID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) BUY SELL BUY CUSIP 912810DZ8

912810DZ8

912810RS9

Symbol TSRYS4493795 TSRYS4493795 TSRYS4493875

Quantity 999,999.00 10,000,000.00 500,000.00 Contra Party ID Enter Firm MPID C A Capacity (P/A) A P A Price 99.957850 100.25750 130.457850 Price Type Decimal Decimal Decimal ATS Exec MPID Settlement Type Price Override Execution Time Within the past 60

min of current time Current time 120000

Settlement Date 7/7/2017 7/7/2017 7/7/2017 As Of Indicator Y Execution Date Current date Current date 6/16/2017 Commission 1500.00 No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 S Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Trade marked on time.

Trade marked on time and as On the Run.

Trade marked late – “Z” and with commission.


Comments


TRADE ENTRY


Sub-Product NOTE NOTE NOTE Reporting Party ID Enter Firm MPID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) SELL SELL BUY CUSIP 912810RS9

912828N97

912828N97

Symbol TSRYS4493875

TSRYS4494268

TSRYS4494268

Quantity 1,500,000.00 9.,999,999.00 625,000.00 Contra Party ID C A Enter Firm MPID Capacity (P/A) P P A Price 125.875 0.876500 0.657800 Price Type Decimal Negative Yield Yield ATS Exec MPID Settlement Type Price Override Execution Time Current time Current time 094500 Settlement Date 7/7/2017 7/7/2017 7/7/2017 As Of Indicator Execution Date Current date Current date Current date Commission No Remuneration N N RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 Client Trade ID Branch Seq # Memo Marku/down Special Processing A Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Trade marked on time and Memo

indicated markup markdown in price.

Trade marked on time and as No

Remuneration and as a Special Process Affiliate trade.

Reject – Interdealer trades cannot have Remuneration Flag

set to N.


Comments

Attempt to repair trade entry to remove Remuneration Flag to verify it will be accepted.


TRADE ENTRY


Sub-Product NOTE NOTE Reporting Party ID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) BUY SELL CUSIP 912828M23

912828M23

Symbol TSRYS4494250

TSRYS4494250

Quantity 750,000.00 10,000,000.00 Contra Party ID Enter Firm MPID Enter Firm MPID Capacity (P/A) A P Price 1.07875 1.005875 Price Type Yield Yield ATS Exec MPID Enter Firm MPID Enter Firm MPID Settlement Type Price Override Execution Time Within the past 60

min of current time 170100

Settlement Date 7/6/2017 7/6/2017 As Of Indicator Y Execution Date Current date 6/16/2017 Commission 550.00 No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 S Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Trade marked on time, against ATS

and with commission.

Trade marked on time, against ATS, and as On

the Run.



TRADE ENTRY


Sub-Product TIPS TIPS TIPS Reporting Party ID Enter Firm MPID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) BUY SELL SELL CUSIP 912810RW0

912810RW0

912810FS2

Symbol TSRYS4493879

TSRYS4493879

TSRYS4493830

Quantity 9,500,000.00 5,000,000.00 10,500,000.00 Contra Party ID C Enter Firm MPID A Capacity (P/A) A A P

Price 116.1625 114.575 118.7850 Price Type Decimal Decimal Decimal ATS Exec MPID Settlement Type Price Override Execution Time Within the past 120

min of current time Within the past 60 min

of current time 180000

Settlement Date 7/14/2017 7/14/2017 7/14/2017 As Of Indicator Y Execution Date Current date Current date 6/16/2017 Commission 1000.00 No Remuneration N RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT


Trade marked on time and with Commission.

Trade marked on time as it is within the

set grace period. Control Number (if accepted) OR Reject Control Number (if rejected)

Comments


TRADE ENTRY


Sub-Product TIPS TIPS TIPS Reporting Party ID Enter Firm MPID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) SELL BUY BUY CUSIP 912810FS2

912828XL9

912828XL9

Symbol TSRYS4493830

TSRYS4494447

TSRYS4494447

Quantity 775,000,000 14,000,000.00 250,000.00 Contra Party ID Enter Firm MPID A C Capacity (P/A) A P A Price 120.00 95.385 99.175 Price Type Decimal Decimal Decimal ATS Exec MPID Settlement Type Price Override Execution Time Within the past 60 min

of current time 100000 Within the past 15

min of current time Settlement Date 7/14/2017 7/14/2017 6/16/2017 As Of Indicator Y Execution Date Current date 6/15/2017 Current date Commission No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 W Client Trade ID Branch Seq # Memo Special Processing A Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT


Weighted Avg trade in Modifier 4.

Trade marked late – “Z” and as a Special

Process Affiliate trade.

Reject –Settlement Date is prior to execution date.


Comments

Attempt to repair trade entry to make Settlement Date after execution date to verify it will be


accepted.

TRADE ENTRY


Sub-Product TIPS TIPS Reporting Party ID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) BUY SELL CUSIP 912810FD5 912810FD5

Symbol TSRYS4493820

TSRYS4493820

Quantity 6,500,000.00 999,999.00 Contra Party ID C Enter Firm MPID Capacity (P/A) A A Price 0.9875 .0856375 Price Type Yield Negative Yield ATS Exec MPID Enter Firm MPID Enter Firm MPID Settlement Type WI WI Price Override Execution Time Within the past 120


Settlement Date 7/14/2017 7/14/2017 As Of Indicator Y Execution Date Current date 6/16/2017 Commission No Remuneration N RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT


Trade marked against ATS and marked late –

“Z”. Control Number (if accepted) OR Reject Control Number (if rejected)


TRADE ENTRY


Sub-Product STRP STRP STRP Reporting Party ID Enter Firm MPID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) SELL BUY BUY CUSIP 9128202N6

9128202N6

912820X28

Symbol TSRYS4493892

TSRYS4493892

TSRYS4494118

Quantity 17,500,000.00 4,000,000.00 1,250,000.00 Contra Party ID A A C Capacity (P/A) P A P Price 116.750 111.8675 100.8756750 Price Type Decimal Decimal Decimal ATS Exec MPID Settlement Type Price Override Execution Time Within the past 120

min of current time 180000 Within the past 60

min of current time Settlement Date 7/21/2017 7/21/2017 7/21/2017 As Of Indicator Y Execution Date Current date 6/16/2017 Current date Commission 350.125 No Remuneration N RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 W Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Trade marked on time and indicated as Weighted Avg trade

in Modifier 4.

Trade marked on time as it is within the set grace

period and with commission.



Comments


TRADE ENTRY


Sub-Product STRP STRP STRP Reporting Party ID Enter Firm MPID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) SELL BUY SELL CUSIP 912820X28

912833KU3

912833KU3

Symbol TSRYS4494118

TSRYS4494501 TSRYS4494501

Quantity 500,000.00 7,000,000.00 250,000.00 Contra Party ID A A Enter Firm MPID Capacity (P/A) P P A Price 96.875 103.97 99.750 Price Type Decimal Decimal Decimal ATS Exec MPID Settlement Type Price Override Execution Time Within the past 15

min of current time 165900 Within the past 60 min

of current time Settlement Date 7/21/2017 7/21/2017 As Of Indicator Y Execution Date Current date 6/16/2017 Current date Commission No Remuneration N RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 B Client Trade ID Branch Seq # Memo Special Processing A Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Reject – Missing Settlement Date.

Trade marked late – “Z”, and as a Basis

trade.

Reject – Special Processing Affiliate trade cannot be vs. Inter Dealer contra

party. Control Number (if accepted) OR Reject Control Number (if rejected)

Comments

Attempt to repair trade entry to enter a valid Settlement Date


to verify it will be accepted.

TRADE ENTRY


Sub-Product STRP STRP Reporting Party ID Enter Firm MPID Enter Firm MPID Side (Buy/Sell) SELL BUY CUSIP 912833LV0

912833LV0

Symbol TSRYS4494534

TSRYS4494534

Quantity 500,000.00 4,000,000.00 Contra Party ID Enter Firm MPID A Capacity (P/A) P A Price 129.125 131.000 Price Type Decimal Decimal ATS Exec MPID Enter Firm MPID Enter Firm MPID Settlement Type Price Override Execution Time Within the past 120


Settlement Date 7/21/2017 7/21/2017 As Of Indicator Y Execution Date Current date 06/15/2017 Commission No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 W Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Trade marked on time and indicated as Weighted Avg trade in Modifier 4 and vs.

an ATS.

Reject – ATS Executions must be vs. Inter Dealer

Contra party.



CANCEL


Cancel trade entered

in Test Case 2

Cancel trade entered in

Test Case 12

Cancel trade entered in

Test Case 20

Sub-Product BILL NOTE TIPS Reporting Party ID Side (Buy/Sell) CUSIP 912796KB4 912810RS9

912810FS2

Symbol Quantity Contra Party ID Capacity (P/A) Price Price Type ATS Exec MPID Settlement Type Price Override Execution Time Settlement Date As Of Indicator Execution Date Commission No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Original trade cancelled.




Comments


CANCEL

Field TEST CASE 36

Cancel trade entered

in Test Case 29

Sub-Product STRP Reporting Party ID Side (Buy/Sell) CUSIP 912833KU3

Symbol Quantity Contra Party ID Capacity (P/A) Price Price Type ATS Exec MPID Settlement Type Price Override Execution Time Settlement Date As Of Indicator Execution Date Commission No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT



Comments


CORRECTION


Correct trade entered

in Test Case 5

Correct trade entered in

Test Case 7


in Test Case 13

Sub-Product BILL BILL NOTE Reporting Party ID Side (Buy/Sell) CUSIP 912796LU1 912796LZ0

912828N97

Symbol Quantity 1,000,000.00 Contra Party ID C Capacity (P/A) Price 0.00 0.6750 0.7865 Price Type Negative Yield ATS Exec MPID Settlement Type Price Override Execution Time Settlement Date 6/30/2017 As Of Indicator Execution Date Commission 175.00 No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 Client Trade ID Branch Seq # Memo Special Processing blank Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Quantity, price, and commission values

changed.

Price, Price Type and Settlement Date

changed.

Contra changed to “C” Remove Special Processing Flag, changed price.



CORRECTION



in Test Case 16


Test Case 21


in Test Case 24

Sub-Product NOTE TIPS TIPS Reporting Party ID Side (Buy/Sell) CUSIP 912828M23

912828XL9

912810FD5

Symbol Quantity Contra Party ID Capacity (P/A) Price 1.1675 Price Type ATS Exec MPID Change MPID Settlement Type Price Override Execution Time 120000 093000 Settlement Date As Of Indicator Y remove Y Execution Date 6/16/2017 Commission No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Trade now marked late. – “Z”.

Reject –Invalid Execution Date when attempting to change as-of to current date.

New ATS MPID on correction, new price,

and execution date. Trade remains

marked as late – “Z”. Control Number (if accepted) OR Reject Control Number (if rejected)


CORRECTION



in Test Case 25


Test Case 31

Sub-Product STRP STRP Reporting Party ID Side (Buy/Sell) CUSIP 9128202N6 912833LV0

Symbol Quantity 750,000.00 10000000000000 Contra Party ID C Capacity (P/A) Price Price Type ATS Exec MPID Settlement Type Price Override Execution Time Settlement Date As Of Indicator Execution Date Commission No Remuneration RP Give Up RP Clearing # Special Price Indicator Special Price Reason Modifier 4 B Client Trade ID Branch Seq # Memo Special Processing Locked-In Indicator CP Give Up Contra Clearing # Contra Capacity (P/A) Contra Commission Contra Client Trade ID Contra Branch Seq # EXPECTED RESULT

Contra changed to “C”, quantity

changed, Modifier 4 changed to B. Trade

remains on time.

Reject – Invalid quantity. Quantity

must be 13 digits or less.


Documents

TRACE TEST SCRIPT - FINRA.org · FINRA TRACE – Treasuries UAT #3 6/17/2017 UAT Test Script Securities that will be used for testing in this script: Symbol CUSIP Sub Product