Nasdaq WorkX™
Trade Reporting, Monitoring and Risk Controls
Seamlessly enhance trade reporting, regulatory compliance and guard against risk
Nasdaq’s Equities Markets Enterprise Platform
Nasdaq WorkX
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.
Trade Reporting & Monitoring Features
Nasdaq WorkX Features
Modern trade reporting and monitoring tools with consolidated coverage for your firm across both FINRA/Nasdaq TRFs (Carteret/Chicago).
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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
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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
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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.
Related Information
FINRA/Nasdaq Trade Reporting Facility
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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.
Trade Reporting & Monitoring Resources
Resource Center
