GAO Says It Sees No Progress On Treasury Prices


The public securities industry has made no progress in expanding access to interdealer broker U.S. government securities prices in the past two years, says Paul Zacharias, assignment manager at the General Accounting Office.

As a legislative showdown looms, interdealer broker Chapdelaine & Co. is about to go live with CHATS, its order-matching system for U.S. Treasuries. Chapdelaine president Michael Franzese says he's ready to give the nod to Quotron Systems Inc. for retail distribution of C

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