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New site gives free access to corporate bond prices

par Andrew Rickard | July 14 2016 01:31PM

Andrew Kriegler, IIROC's president and CEO.

The Investment Industry Regulatory Organization of Canada (IIROC) is now publishing corporate bond trade data at bondtradedata.iiroc.ca.

Last year, the Canadian Securities Administrators (CSA) made IIROC responsible for disseminating post-trade information about corporate debt securities. As we reported at the time, regulators were concerned about transparency in the fixed-income market and wanted to make sure that investors were able to make informed decisions. The CSA made IIROC responsible for disseminating post-trade information about corporate debt securities.

Debt trade information

On its new web site IIROC will publish debt trade information two days after execution, free of charge. Firms classified as government securities distributors have been reporting all debt trade information since November 2015, and by July 2017 IIROC will report debt trades from all of the firms it oversees.

“The corporate bond information site demonstrates how we can leverage the information that IIROC collects as a public interest regulator to increase transparency and improve market integrity, without duplicating efforts or costs," says IIROC president and CEO Andrew Kriegler. “This initiative underscores how all market participants in Canada can benefit from IIROC's pan-Canadian role.”

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