The National Association of Securities Dealers reports that it is disseminating price and transaction data on 100% of public corporate bond transactions in real time, beginning today.
Since February 2004, the NASD has disseminated price and transaction data in real time on all but a tiny fraction of public corporate bond transactions through its Trade Reporting and Compliance Engine (TRACE). Previously, dissemination of data on about 1% of transactions – in certain low transaction volume and lower credit quality bonds – was delayed up to 10 days.
On Dec. 28, 2005, the Securities and Exchange Commission approved the NASD’s request to begin real-time dissemination of data on that remaining 1% of transactions.
On average, information is available daily on TRACE on 22,000 transactions representing approximately $18 billion in volume. TRACE data is available to the public free of charge at www.nasdbondinfo.com