Trace fees structure prompts BMA complaint
by Hardeep Dhillon BMA requests SEC to delay approval of Trace until fees structure is fully disclosed
The Bond Market Association last month filed a comment letter with the Securities & Exchange Commission advising the regulator to delay its approval of data reporting system Trace until it receives full disclosure of the costs and revenues determining the reporting system’s fee structure.
Trace (Trade Reporting and Compliance Engine), owned by the National Association of Securities Dealers (NASD), reports and disseminates secondary market data on corporate bonds. The system is
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