Facility For Bond Reporting, Transactions Is Proposed By NASD For Corporate Debt
TRANSACTION SYSTEMS
WASHINGTON--The National Association of Securities Dealers (NASD) will implement a new trade reporting and transaction dissemination facility for corporate bond transactions by spring 2000, pending US Securities and Exchange Commission (SEC) approval.
Developed in response to SEC chairman Arthur Levitt's recent call to improve bond market transparency, the system was designed for optimum price transparency and surveillance of US corporate debt. According to a letter from Bond Market Association
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