Corporate Bond - Corporate Bond Market Transparency

Corporate Bond Market Transparency

Speaking in 2005, SEC Chief Economist Chester S. Spatt offered the following opinion on the transparency of corporate bond markets:

Frankly, I find it surprising that there has been so little attention to pre-trade transparency in the design of the U.S. bond markets. While some might argue that this is a consequence of the degree of fragmentation in the bond market, I would point to options markets and European bond markets-which are similarly fragmented, but much more transparent on a pre-trade basis.

A combination of mathematical and regulatory initiatives are aimed at addressing pre-trade transparency in the U.S. corporate bond markets.

Read more about this topic:  Corporate Bond

Famous quotes containing the words corporate, bond, market and/or transparency:

    The generation of women before us who rushed to fill the corporate ranks altered our expectations of what working motherhood could be, tempered our ambition, and exploded the supermom myth many of us held dear.
    Melinda M. Marshall (20th century)

    I therefore, the prisoner in the Lord, beg you to lead a life worthy of the calling to which you have been called, with all humility and gentleness, with patience, bearing with one another in love, making every effort to maintain the unity of the Spirit in the bond of peace.
    Bible: New Testament, Ephesians 4:1-3.

    Have you not heard of that madman who lit a lantern in the bright morning hours, ran to the market place, and cried incessantly: “I seek God! I seek God!”
    Friedrich Nietzsche (1844–1900)

    Life is filigree work.... What is written clearly is not worth much, it’s the transparency that counts.
    Louis-Ferdinand Céline (1894–1961)