20 February 2018
visit www.ebaday.com

Nasd launches Trace for corporate bond reporting

01 July 2002  |  2466 views  |  0 Nasd launches Trace for corporate bond reporting

The National Association of Securities Dealers (Nasd) has gone live with its new Trace corporate bond reporting system, replacing the existing Fips product for reporting high yield debt transactions.

On 23 January, 2001, the Securities and Exchange Commission (SEC) approved rules that will require Nasd members to report over-the-counter secondary market transactions in eligible fixed income securities to the Nasd and also subject certain transaction reports to dissemination.

Trace is a regulatory system that will capture the reporting and dissemination of eligible corporate bond transactions including investment grade and high yield debt, medium term notes and convertible bonds.

Douglas Shulman, Nasd's president of regulatory services and operations, says: "In developing this system Nasd has worked closely with the SEC, Bond Market Association and the dealer community to ensure that the Trace maximises transparency, while optimising liquidity."

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

Nasd automates Ofac name search

Nasd automates Ofac name search

05 June 2002  |  2664 views  |  0 comments
Nyfix Transaction Services secures Nasd membership

Nyfix Transaction Services secures Nasd membership

30 May 2002  |  2243 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsVisit www.vasco.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11764 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9387 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9198 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7957 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7284 views comments | 19 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job