Finra to Join SEC, Treasury in Efforts to Collect Trading Data
- Agencies seek system for officials to monitor U.S. debt trades
- Finra currently publishes data on corporate bond transactions
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Wall Street’s self-regulator plans to join two government agencies in their efforts to survey the roughly $500 billion of daily transactions in the U.S. Treasuries market.
The Securities and Exchange Commission and the Treasury Department have asked the Financial Industry Regulatory Authority to weigh a proposal for its members to report data on cash transactions centrally, according to a Monday statement from the two agencies. That should serve as a “first step” for regulators to gain access to comprehensive trading data in the market, Treasury Counselor Antonio Weiss said in a statement.