21 January 2017
visit http://www.wolterskluwerfs.com

ICMA to publish post-trade date online

21 February 2007  |  3284 views  |  0 Stock market quotes

The International Capital Market Association (ICMA) is gearing up to launch two new pilot services that will see post-trade information and data on large liquid bond dealings published online.

The Association has issued proposals for consultation on the new services, which it says will help establish a post-trade transparency standard.

The ICMA rule book currently requires market makers to report end of day prices and to report their trades to ICMA within 30 minutes but this data is not published.

The new services would see all trades in large, liquid bonds published at the end of the business day. This would be made available to vendors and market participants.

ICMA is also planning to launch a Web-based service that will enable retail investors to access educational material about investing in the bond market and give users access to a near-real-time tape of retail sized trades.

The scope of the pilot services would be restricted to investment grade corporate, supranational and government debt securities. Trade details would include price and time, on an anonymous basis, says ICMA.

ICMA says the services would increase post-trade transparency in the international bond markets. The proposals are being sent to the Committee of European Securities Regulators (CESR) and to the European Commission in relation to their review of transparency in non equity markets under MiFID.

Says Nick Collier, head of regulatory policy, ICMA: "The bond markets are a vital part of the European capital market and their success is based in part on industry driven good practice as set down in the ICMA rulebook.

"We hope that in their review of non equity market transparency the European Commission and European regulators will recognise the contribution that industry can make by setting its own standards."

The two pilot services are expected to launch later in the year, with an independent review expected in 2008.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ICMA appoints Kevin Milne MD of UK tech subsidiary

ICMA appoints Kevin Milne MD of UK tech subsidiary

05 February 2007  |  6127 views  |  0 comments
ICMA drafts FIX standard for fixed income new issues

ICMA drafts FIX standard for fixed income new issues

18 November 2005  |  5398 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.com http://www.financialcrimerisk.fiserv.com/aml?r=finextra

Who is commenting?

Top topics

Most viewed Most shared
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
16049 views comments | 91 tweets | 110 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
12737 views comments | 48 tweets | 44 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
10985 views comments | 31 tweets | 20 linkedin
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
6538 views comments | 39 tweets | 39 linkedin
HSBC forms tech advisory boardHSBC forms tech advisory board
6351 views comments | 21 tweets | 23 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job