SCROLLING NEWS

SCROLLING NEWS

Pending regulatory clearance, the NASD plans to introduce a new feed of junk bond prices next May. Prices will be generated by the NASD's Fixed-Income Pricing System (FIPS). But the NASD will disseminate only hourly summaries of high, low and cumulative volume for the 30 most-liquid high-yield securities. Data vendors will, however, be able to carry the complete FIPS, including its transaction facility, for redistribution to authorized junk bond market participants. Feed specifications haven

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