Starting in 2001, and allowing a two-year comment period, the SEC published the TRACE rules, marking the first time many bond trades were subject to public reporting. The TRACE technology platform allows member firms of the
Financial Industry Regulatory Authority (FINRA, formerly the National Association of Security Dealers, NASD) to report trades in
fixed-income securities. It also allows the public to view and download
market data, including prices and trade volume for
corporate bonds and
structured products, in some cases going back to 2009. The first phase of TRACE was implemented in July 2002. ==References==