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Each member that is a Party to a Transaction in a TRACE-Eligible Security must report the transaction. A member must report a transaction in a TRACE-Eligible Security as soon as practicable, but no later than within 15 minutes of the Time of Execution, except as otherwise specifically provided below.

Brokers, who are FINRA members and deal with specific fixed-income securities, are required to report their transactions by the Securities and Exchange Commission (SEC) rules.

Introduced in July 2002, TRACE consolidates transaction data for all eligible corporate bonds. As a result, retail and institutional investors and market professionals can access real-time public transaction information about OTC activity in corporate bonds reported to TRACE by FINRA members.

Trade reporting and compliance engine (TRACE), is a United States financial reporting regulation and related system for publicly reporting bond transactions.

Trade Reporting and Compliance Engine (TRACE) is a program developed by the National Association of Securities Dealers (NASD), which is now known as FINRA, that allows for the reporting of over-the-counter (OTC) transactions pertaining to eligible fixed-income securities.

(a) ?TRACE-Eligible Security? means a debt security that is United States (?U.S.?) dollar-denominated and issued by a U.S. or foreign private issuer, and, if a ?restricted security? as defined in Securities Act Rule 144(a)(3), sold pursuant to Securities Act Rule 144A; or is a debt security that is U.S. dollar- ...

Firms are required to report trades in ance with established FINRA rules and regulations. The TRACE Quality of Markets Report Card for Treasuries is a monthly status report for treasuries transactions that a firm reported to the Trade Reporting and Compliance Engine (TRACE).

TRACE Reporting Timeframes and Transparency Protocols For transactions executed before the issuance of the security, no later than the first settlement date of the security (see FINRA Rule 6730(a)(3)(C)). For all other transactions: within 1 hour of time of execution (see FINRA Rule 6730(a)(3)(A)).