SCROLLING NEWS

SCROLLING NEWS

Following a request by the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD) plans to set up an electronic network to report and distribute real-time prices of corporate bond and preferred stock trades. The electronic price report system will be developed over the next 12 to 18 months. At a meeting in New York last week, the SEC's chairman, Arthur Levitt, said: "The corporate debt market still remains one of the last major markets in the United S

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