NASD Puts Out a TRACE

QUOTE SYSTEMS

The National Association of Securities Dealers’ (NASD) Trade Reporting and Compliance Engine (TRACE) bond reporting system launched without major problems on July 1, says Steven Joachim, senior vice president of market operations at the NASD.

All NASD participants are required to report their transactions in TRACE-eligible debt securities via the system. TRACE then disseminates price and other transaction information on those transactions in real time and on a delayed basis. Currently, about

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