Technical

UTP Plan Functions of the Processor

The plan selected Securities Information Processor (SIP) shall make available the UTP Data Services:

• UTP Data Services are comprised of the UTP Quotation Data which provides (i) National Best Bid and Offers; (ii) each Member’s Best Bid and Offer and their sizes and the Member’s identifier; and (iii) in the case of FINRA Alternative Display Facility (“FINRA ADF”), the identifier of the FINRA ADF Participant(s) that constitute(s) FINRA’s ADF Best Bid and Offer quotations, in each case for Nasdaq-listed securities.
• Along with the UTP Trade Data which provides Transaction Reports in Nasdaq-listed securities.

UTP Data Services (Nasdaq-listed securities Tape C)

Technical Documents

• UTP Data Feed Services Specification (UTP Quotation / UTP Trade)*
• UTP Snap-Shot Service Specifications
• UTP Participant Input Interface (Inbound)*
• UTP Transmission Schedule
• SIP Emergency Procedures
• UDP/IP Addresses link: UTP Data Feed Services
• SIP Market-Wide Circuit Breaker Overview

Technical Documents - Fractional Share Trade Release Q1 2025

• Fractional Share Trade Reporting Enhancement - Outbound Specs
• Fractional Share Trade Reporting Enhancement - Participant Input Interface

FINRA OTC eligible securities

While the FINRA OTC eligible securities are administered as part of the UTP Plan Administrator role, The Financial Industry Regulatory Authority (FINRA) is the owner of the OTC eligible securities and the FINRA OTC Reporting Facility (ORF) and TRACE systems. FINRA is responsible for all technical product management related to TDDS 2.0.

• For all technical questions regarding the FINRA feeds, contact FINRA Product Management at (866) 899-2107.
• For information related to FINRA transparency-services visit FINRA website