EHYA Advocacy (Continued)

Bond Market Association Warns Proposal to Disclose Counterparty and Type of Trade Information Will Harm Investors and Liquidity

In comment letters filed with the National Association of Securities Dealers, the Bond Market Association and its Asset Managers Division warn against adopting a proposed TRACE rule change that would result in the dissemination of whether the counterparty to a trade is customer or a dealer and whether the trade is a buy or a sell.