Trade Reporting and Compliance Engine
E22979
The Trade Reporting and Compliance Engine (TRACE) is FINRA’s centralized system for collecting and disseminating real-time transaction data on U.S. corporate and other fixed-income securities to enhance market transparency and regulatory oversight.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Trade Reporting and Compliance Engine canonical | 4 |
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
market transparency facility
ⓘ
regulatory reporting system ⓘ trade reporting system ⓘ |
| abbreviation | TRACE ⓘ |
| beneficiary |
investors
ⓘ
market participants ⓘ regulators ⓘ |
| complements | equity market trade reporting systems ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dataType |
price information
ⓘ
security identifiers ⓘ time of trade ⓘ trade volume information ⓘ transaction reports ⓘ |
| dataUsers |
data vendors
ⓘ
institutional investors ⓘ retail investors ⓘ |
| dissemination | near real-time trade information to the public ⓘ |
| feature |
centralized reporting of over-the-counter bond trades
ⓘ
public dissemination of trade information ⓘ regulatory surveillance support ⓘ |
| focus |
U.S. corporate bond transactions
ⓘ
agency debt securities ⓘ asset-backed securities ⓘ other U.S. fixed-income securities ⓘ |
| fullName | Trade Reporting and Compliance Engine self-linksurface differs ⓘ |
| goal |
improve price discovery in fixed-income securities
ⓘ
reduce information asymmetry in bond markets ⓘ support enforcement of securities regulations ⓘ |
| governingBody |
FINRA
ⓘ
surface form:
FINRA Board of Governors
|
| jurisdiction | U.S. securities markets ⓘ |
| marketRole |
fixed-income trade repository
ⓘ
post-trade transparency mechanism ⓘ |
| operator | Financial Industry Regulatory Authority ⓘ |
| operatorAbbreviation | FINRA ⓘ |
| purpose |
collect real-time transaction data on fixed-income securities
ⓘ
disseminate real-time transaction data on fixed-income securities ⓘ enhance market transparency ⓘ support regulatory oversight ⓘ |
| regulator | Financial Industry Regulatory Authority ⓘ |
| relatedTo |
U.S. corporate bond market
ⓘ
U.S. fixed-income transparency initiatives ⓘ |
| reportingRequirement | FINRA member firms ⓘ |
| reportingScope | secondary market transactions in eligible fixed-income securities ⓘ |
| sector | fixed-income markets ⓘ |
| technologyType | electronic trade reporting platform ⓘ |
| usedBy |
alternative trading systems
ⓘ
broker-dealers ⓘ market regulators ⓘ self-regulatory organizations ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
Trade Reporting and Compliance Engine
→
fullName
→
Trade Reporting and Compliance Engine
self-linksurface differs
ⓘ
subject surface form:
TRACE