Nasdaq WorkX™
Explore Nasdaq’s Equities Markets Enterprise Platform to seamlessly enhance trade reporting, regulatory compliance and guard against risk.
Trade Reporting, Monitoring and Risk Controls
Your gateway to modern trade reporting, Nasdaq WorkX our cloud-based SAAS platform designed to enhance your operational workflow with a comprehensive suite of tools to amplify your Trade Compliance and Risk Management supervision. Whether you're monitoring compliance or managing risk on Nasdaq Equity exchanges and FINRA/Nasdaq TRFs, WorkX is your reliable partner. Discover how WorkX can streamline your operations today!
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.
Benefits
Trade Compliance Monitoring
Streamline your compliance supervision with our real-time monitoring and data visualization tools.
Trade Intelligence & Trade Actioning
Leverage our real-time stats service for high-level compliance stats, drill through data capabilities and trade action buttons.
Risk Monitoring & Controls
Provides guardrails to clearing firms and brokers with real-time monitoring and market access controls for Nasdaq Equity Exchanges and FINRA/Nasdaq TRF activity.
Alerting
Stay ahead of the game with flexible alerting for brokers, clearing firms and correspondents.
Features
Nasdaq WorkX features modern trade reporting and monitoring tools with consolidated coverage for your firm across both FINRA/Nasdaq TRFs (Carteret/Chicago).
Electronically facilitate trade reporting and clearing functions for trades reported to the FINRA Trade Reporting Facility (TRF)
Ease of use, enhancements and streamlined functionalities:
- Consolidated coverage for your firm and across FINRA/NasdaqTRFs (Carteret/Chicago)
- View multiple pieces of functionality on one screen
- Holistic scan enabling users to search across date ranges and multiple MPIDs
- Streamlined upload tool to allow users to leverage templates, visualize progress/status, and fix errors
Real time trade reporting and clearing data access (from today to one year history) with trade workflow to simplify operations
Scan on any or all trade report fields:
- New scan fields: date range, a string of control numbers, port/ user and correspondent
- Search “My MPID” on any trade record as Executing / Contra Broker, Give Up or Clearing Firm, without specifying how it’s included on the trade report
Multi-select scan criteria: trade status, My MPID and TRF:
- Ability to create and save multiple column layouts for frequently used reporting
- Left panel will change modes when selecting Reverse, Modify and Copy for easy edits.
Unlimited Accept, Decline, Break, and Cancel actions:
- Action Result column will show if the action has been processed successfully
New action hot buttons to simplify workflow:
- Reverse
- Modify
- Copy
Regulatory Compliance support for clearing firm and broker trade surveillance for today and historical records up to five years
- Nasdaq’s Real Time Stats service provides high level OTC Equity compliance monitoring for late trade reporting rules, trade accuracy, trade status as well as other high level statistics
- Actionable operations and compliance intelligence with trade reporting interactive graphs and table results to easily take action
- Side panel snapshot to keep a pulse on trade reporting statistics while using other WorkX™ services
- WorkX provides five years of trade reporting history to satisfy regulatory reporting and compliance reviews
Pre-Trade Equities Risk Checks (EQRC)
Recently launched on Nasdaq, BX and PSX equities exchanges and available on Nasdaq WorkX or via a RESTful API. An on exchange risk system designed to address market access rules with oversight and flexible controls.
Read the Overview Download the User GuideFINRA/Nasdaq Trade Reporting Facility
Forefront of innovation, providing our customers with industry-leading technology solutions. FINRA and Nasdaq offer two Trade Reporting Facilities, FINRA/Nasdaq TRF Carteret and FINRA/Nasdaq TRF Chicago, to electronically facilitate trade reporting, match-compare OTC transactions in NMS stocks and provide clearing functions for OTC.
Learn MoreResources
Contact Us
Nasdaq Trading Services and TRF Operations Support
Questions on WorkX, Post-Trade Risk Management or Pre-Trade Equity Risk Check? Reach out for support.
TRF Operations Contact Nasdaq Trading Services