NASD Propose Facility For Reporting Trades On Corporate Bonds

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WASHINGTON--The National Association of Securities Dealers (NASD) will implement a new trade reporting and price dissemination facility for corporate bond transactions by spring 2000, pending US Securities and Exchange Commission (SEC) approval. The plan comes 13 months after the SEC charged the NASD with improving transparency in the corporate bond market (IMD, Oct. 5).

If implemented, NASD members will begin reporting in spring of 2000 all over-the-counter transactions involving eligible co

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