NASD set to speed up reporting of bond trades
NASD’s trade processing tool, Trace, should reduce the time lag in reporting by a third
by Hardeep Dhillon
The National Association of Securities Dealers (NASD) intends to quicken the process of supplying trading data to ordinary investors, so that participants will be able to see prices closer to real time, as in the equity markets.
NASD chairman and chief executive Robert Glauber proposed the plan in a letter at the end of last year to Congressman John Dingell, who sits on the US House Committee on Energy and Commerce.
The NASD’s Trade Reporting and Compliance
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