FINRA/NYSE Trade Reporting Facility® Technology Migration

On June 2,2025, the FINRA/NYSE Trade Reporting Facility® (TRF) will migrate to NYSE Pillar technology. This technology powers all NYSE equities and options markets.

There will not be a parallel period with the legacy and NYSE Pillar platforms. Firms must certify and obtain new production sessions prior to June 2, 2025, to maintain connectivity to the TRF.

Certification testing is available by contacting Technology Member Services at [email protected]. The Production shadow environment will be available from March 31 through May 30, 2025

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Migration Timeline

Certification Testing
January 21, 2025	Connectivity Testing Available ✓
February 10, 2025	Trade Date Functionality Available ✓
March 17, 2025	All Functionality Available
Production Shadow
March 31, 2025 - May 30, 2025	Production Testing with test symbols
Weekend Production Testing	End to end testing including Post Trade, end of day reports and clearing
April 5, 2025	Test Script
May 10, 2025
May 31, 2025
Disaster Recovery Testing
April 26, 2025
April 28, 2025 - May 2, 2025	Connectivity and functional testing with test symbols
Production Rollout	Reports accepted on the legacy platform within the preceding two years will be migrated and available for reversal on Pillar
June 2, 2025