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Nasdaq WorkX™

Explore Nasdaq’s Equities Markets Enterprise Platform to seamlessly enhance trade reporting, regulatory compliance and guard against risk.
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Overview

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). 
Equity OTC Trade Reporting

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
Workflow Efficiency

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 Supervision

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
Post-Trade Risk on Nasdaq WorkX Now Available Provides protection to clearing firms and executing brokers with real-time trade monitoring and market access controls for Nasdaq Equity Exchanges and FINRA/Nasdaq TRF markets. Post-Trade Risk Factsheet
Now available on Nasdaq WorkX

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 Guide

FINRA/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 More

Resources
Product Specifications and Factsheets
WorkX Price Reject Override (PRO) Monitor FAQ Open WorkX Factsheet Open Trade Reporting FIX Specification Open ETJ Specifications Open Nasdaq TRF FAQ Open Post-Trade Risk Management Factsheet Open Pre-Trade Equities Risk Checks Overview Open Pre-Trade Equities Risk Checks User Guide Open Nasdaq WorkX and FINRA/Nasdaq TRF FIX Comparison Open FINRA/Nasdaq TRF Infographic Open
Forms and Agreements
Nasdaq Services Agreement Open WorkX Request Form Open
Pricing & Additional Resources
Product Pricing Open Equity Trader Alerts Open Test Facility Open Testing Policy Open

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