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What is a TRACE-eligible bond?
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Will market participant information be disseminated in any way to other participants in the TRACE system or as part of the transaction information disseminated to the public?
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Will I be able to see 144A transaction data collected by TRACE?
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Will dissemination of transaction information occur on a real-time basis through vendors and directly from any FINRA Web Site?
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Are the TRACE Market Participant IDs the same as the ACT or FIPS MPIDs?
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Why do I see matured and called bonds in the TRACE database?
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Why do I sometimes see what appear to be duplicate CUSIP numbers in the database?
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What trades are disseminated?
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What are the fees associated with TRACE?
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Where can I see the disseminated TRACE data free of charge?
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What is a TRACE-eligible bond?
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Please see additional information
.
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Will market participant information be disseminated in any way to other participants in the TRACE system or as part of the transaction information disseminated to the public?
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No
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Will I be able to see 144A transaction data collected by TRACE?
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No. Transactions in unregistered securities sold pursuant to Rule 144A (to Qualified Institutional Investors or "QIBs") are subject to reporting but will not be desseminated.
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Will dissemination of transaction information occur on a real-time basis through vendors and directly from any FINRA Web Site?
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Dissemination of transaction information through the Bond Trade Dissemination Service (BTDS) feed is available on a real-time basis for a fee. Also, FINRA members using the full service Web browser have access to disseminated transaction data real-time as part of their browser package. Publicly disseminated data is being made available on a real-time basis, free of charge, at http://www.nasdbondinfo.com
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Are the TRACE Market Participant IDs the same as the ACT or FIPS MPIDs?
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No. The TRACE Participant List is available on http://www.nasdbondinfo.com
under Downloads and on https://www.nasdtrace.com
under Directory Services/Participant Scan.
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Why do I see matured and called bonds in the TRACE database?
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Matured issues will be retained for a 365-day period to accomodate historical trade corrections.
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Why do I sometimes see what appear to be duplicate CUSIP numbers in the database?
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Check to see if the CUSIP number has been assigned two symbols. When an issue is trading on a When-Issued basis ("WI"), the same CUSIP number will be set up with two different reporting symbols, one for the WI status bond, and the other for the regular way bond. For firms reporting by symbol, it is important to make sure that the correct symbol has been selected when submitting a TRACE report.
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What trades are disseminated?
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Based on the clearing terms of the transaction, either the buy or sell side of an interdealer (QSR/AGU) transaction is disseminated.
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What are the fees associated with TRACE?
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TRACE is supported by a fee schedule submitted in rule filings to the SEC. Fees are subject to review by the SEC. On January 21, 2004, the SEC announced approval of a permanent fee structure for TRACE and a nine-month pilot program for BTDS professional delayed-time data display fee, effective February 1, 2004. The new $15 per month, per terminal, professional BTDS delayed-time data display fee has been approved on a pilot basis, beginning February 1, 2004 and ending October 31, 2004. For more information about TRACE fees, view our rules and fees
page.
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Where can I see the disseminated TRACE data free of charge?
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Use the following URL, which became available on Friday, July 5, 2002: http://www.nasdbondinfo.com
. Data is available on a real-time basis on this public Web site. Users can view 90 days of transaction history, 90 days' daily high/low, and 52 weeks of weekly high/low.
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