On July 10, 2017, FINRA members began reporting information on transactions in U.S. Treasury securities to TRACE.3These reporting requirements apply only to FINRA members. However, FINRA notes that the Board of Governors of the Federal Reserve System (Federal Reserve) has announced that it plans...
All broker/dealers who are FINRA member firms have an obligation to report transactions in corporate bonds to TRACE under an SEC approved set of rules. Originality/value – These are direct excerpts designed to provide a useful digest for the reader and an indication of regulatory trends.doi:...
We analyze all TRACE corporate bond transactions from January 2003 to September 2015, segmenting the market into two groups: the 1,000 most active issues each year with respect to the par volumes of trades and a growing set of less actively traded bonds. Most measures suggest a healthy market...
The purpose of the research is to study interaction and trading behavior among dealers in over-the-counter (OTC) corporate bond market. We utilize topic modeling techniques, mostly Latent Dirichlet allocation (LDA), to analyze bonds that were traded by dealer on each day. Our preliminary result...