The Swedish Securities Markets Association initiates daily publication of information about transactions in the Swedish bond market
Today is the first day of application of the Swedish Securities Markets Association’s recommendation on bond market transparency, which provides for the daily publication of information about transactions in the bond market.
In November 2020, the Board of the Swedish Securities Markets Association (SSMA) adopted a Recommendation on Bond Market Transparency (the Recommendation). The Recommendation follows a specific request from the Swedish Financial Supervisory Authority that the SSMA investigate how transparency could be improved.
In accordance with the Recommendation members of the SSMA are today starting to report information about transactions executed on the bond market on a daily basis. The reporting is made in accordance with agreements entered into by SVPM with Nordic Trustee subsidiaries Nordic Bond Pricing (NBP) and Stamdata as supplier and distributor of the reporting and publishing solution, respectively. The reported information will be aggregated before being published and will be publicly available free of charge on www.stamdata.com. In addition to the daily aggregation, historical data going back three months will also be available for downloading.
The Recommendation applies to Swedish investment firms and corresponding foreign firms active on the Swedish bond market. In order for the Recommendation to fill its purpose, it should be applied by as many market participants as possible. A high level of adherence will improve price information and is also important for a well-functioning Swedish bond market Against this background, the Swedish Financial Supervisory Authority has stated that it encourages also market participants that are not members of the SSMA to comply with the Recommendation.
The Recommendation and a FAQ document is available on the SSMA website www.svenskvardepappersmarknad.se and on www.stamdata.com.
Urban Funered, CEO of the Swedish Securities Markets Association, comments:
“We are most pleased to today initiate the daily publication of information about transactions in the Swedish bond market, as provided for in the Recommendation. We are also most pleased that we can as an industry contribute, through self-regulation, to increased transparency on the Swedish bond market, as we have found that existing EU-rules have not provided sufficient transparency. It is now important that all market participants active on the Swedish bond market, also those that are not members of the SSMA, apply the Recommendation, in order for us to improve transparency on the Swedish bond market while retaining a level playing field”, says Urban Funered.
Investment firms active on the Swedish bond market who are not members of the SSMA are encouraged to make contact to discuss participation in the publication. Please contact: Urban Funered, CEO of the Swedish Securities Markets Association, urban@svpm.se