Icma makes post-trade transparency proposals

The International Capital Market Association has proposed new measures for post-trade transparency in the international bond markets.

It envisages two new pilot services, one for all large liquid bonds to be reported to Icma and published at the end of the day, and another web-based tool for retail investors, supplying a near real-time tape of retail-sized trades as well as educational material on investing.

The association’s rule book requires market-makers to report end-of-day prices and notify

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