03.27.2014

SEC Probes Price Tiering in the Bond Market

03.27.2014

This Bloomberg News story has been making the rounds and garnering a lot of feedback. Here is my take.

First, it is important to note that under the 1992 Government Securities Act, the SEC regulated the “physical” bond trading of U.S. munis and corporates on the alternative trading systems (ATSs) where Treasuries are traded. The news reports suggest that the SEC has an issue with price tiering – where some customers may receive preferential prices for same number of bonds. This appears to be similar to the concern that the SEC had with market makers in the OTC equity market (NASDAQ stock market) prior to 1996 Order Handling Rule.

Continue reading on The ’Book »

Markets Media Group was pleased to host the 2025 European Women in Finance Awards last night at Claridge’s in London.
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See the full list of winners here: https://www.marketsmedia.com/2025-european-women-in-finance-awards-the-winners/

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We are excited to announce the finalists for the 2025 U.S. Women in Finance Awards! Congratulations to all!

Check out the full list here:


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Nominations are NOW OPEN for the 2026 Women in Finance LatAm Awards! Do you know a standout leader, innovator, or rising star? Nominate her today!

Learn more & submit your nomination:

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HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

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