Canada’s securities industry regulator is getting ready to roll out changes to its bond trading rules, an effort it believes will increase industry transparency.
The Investment Industry Regulatory Organization of Canada said Thursday that it will change the reporting system for debt securities dealers. They will soon be required to report every trade on a daily basis, rather than weekly.
This move will align the fixed-income side of the market closer with equities, where computer surveillance of trades has been strict for years. The end goal is to make sure debt securities transactions are fairly priced.
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Jacqueline Nelson – Globe and Mail – October 30, 2014.
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