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.
Observed surface forms (1)
| Surface form | As subject | As object |
|---|---|---|
| TRACE | 1 | 0 |
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 (2)
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