It's a Trap

It's a Trap

05/28/2021 Corporate Bond Friday Newsletter

Through careful analysis of reported trades on TRACE and EMMA, we have identified at least six categories of probable and likely trade reporting errors. The six categories are: (1) Price Input Errors, (2) Yield Input Errors, (3) Side of Market Errors, (4) Trade Corrections Processed Incorrectly, (5) Trade Throughs, and (6) Illogical Price Patterns. It is the third category (Side of Market Errors) that presented the trap that we fell into when producing the original Q4 2020 dashboards open website

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