Finra: Trace coverage of agency debt transactions moved to March 1

By Jennifer Chiou

New York, Sept. 29 - The Financial Industry Regulatory Authority announced that it has pushed back the effective date on the expansion of its Trade Compliance and Reporting Engine to cover the agency debt market to March 1.

On May 15, when Finra obtained authorization from the Securities and Exchange Commission to expand Trace to include primary-market transactions in new issues of corporate bonds as well as debt issued by federal government agencies, government corporations and government-sponsored enterprises, the authority had announced an effective date of June 15.

Finra previously said that approval of the expansion to government debt would nearly double the number of bonds included in Trace reporting.

As already noted, examples of government-sponsored enterprises are Fannie Mae, Freddie Mac and Farmer Mac. Federal agencies and government corporations issuing debt include the Tennessee Valley Authority, the Federal Home Loan Banks and the Financing Corp.

Trace offers real-time, public dissemination of transaction and price data for all corporate bond trades including intra-day transaction data and aggregate end-of-day statistics such as most active bonds, total volume, advances and declines and new highs and lows, according to a prior Finra news release.

Retail investors can access this data at finra.org/marketdata. Similar information will be included for government agency, corporation and government-sponsored enterprises bonds.

Finra is an independent regulator for securities firms doing business in the United States and is based in Washington.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.