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Fixed income TRACE reporting timeframe reductions delayed

FINRA HQ
Photo: FINRA

Industry concerns, including potential unintended consequences for the markets, cited as reason for not setting an effective date for the changes.

The amendments to the TRACE reporting rules put forward by FINRA were approved in September 2024. They were intended as a measure to enhance TRACE to “improve the price transparency available” to fixed income market participants.

The announcement of the delay to the amendments came directly from Robert Cook, FINRA President