Boosting bond market transparency

Effective Sept. 1, the Investment Industry Regulatory Organization of Canada (IIROC) is providing post-trade data on government debt.

The industry self-regulatory organization, which was already responsible for providing data on corporate debt trading by IIROC dealers, has now begun reporting post-trade information for government debt trading by certain dealers and banks.

Next year, on May 31, 2021, IIROC will expand reporting to include data from banks and other dealers that don’t currently report their debt trading activity to IIROC.

“Making detailed information on debt securities trading available free of cost is an important element of investor protection and supports market integrity,” said Victoria Pinnington, senior vice-president of market regulation at IIROC, in a release.

“We look forward to the completion of both phases at which point all market participants will have free, comprehensive access to all government debt trading securities in Canada,” added Ian Campbell, chief information officer at IIROC.

James Langton

James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994.