Author Archives: James Palmer

Due to a change in securities regulation, Zions Direct Auctions is now requiring bidders, with the exception of participants in FDIC-insured Certificate of Deposit auctions, to have a Zions Direct account connected to their auction account prior to bidding. This change is necessitated by a consumer-focused shift in reporting requirements to the Financial Industry Regulatory Authority’s (FINRA) Trade Reporting and Compliance Engine (TRACE).

TRACE was introduced in 2002 to give increased visibility to investors about publicly traded “TRACE -eligible” debt securities. In addition, the reporting system aggregates and recaps market data in an effort to help individuals understand how the fixed-income market is functioning. The data is free and open to the public . . . read more Read More