TRACE Debut Pushed Back Six Months

December 13, 2001( - 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.

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.