NASD & Bloomberg woo retail with index launch

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In a move designed to make the corporate bond markets more accessible to retail investors, the National Association of Securities Dealers (NASD) and Bloomberg have launched two corporate bond indices based on transaction prices of actively traded bonds, rather than quotes or estimated prices.

Doug Shulman, NASD's president of markets, services and information, says: "The launch of these bond indices fulfils a major part of NASD's mission to get solid, reliable, neutral information to retail i

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