Compliance January 12, 2002
TRACE Debut Pushed Back Six Months
December 13, 2001(PLANSPONSOR.com) - The Securities
and Exchange Commission (SEC) told policymakers that the
introduction of TRACE, the corporate bond pricing system, has
been delayed for six months due to disruptions caused by the
events of September 11.
Reported by Camilla Klein
The National Association of Securities Dealers (NASD), which will operate the new pricing system, has postponed its introduction until July 1.
However, the SEC noted that the number of electronic debt trading systems has increased by 23% from last year. However, trading volume still remains low.
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