U.S. Government Securities:

Expanding Access to Interdealer Brokers' Services

GGD-87-42: Published: Feb 4, 1987. Publicly Released: Feb 4, 1987.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

In compliance with the Government Securities Act of 1986, GAO held a joint public hearing with the Department of the Treasury, the Federal Reserve System, and the Securities and Exchange Commission concerning U.S. government securities.

Various market participants provided their views on: (1) trading access, which involved the reasonableness and consequences of interdealer screen brokers limiting their customer base for trading securities on their systems to primary and aspiring dealers; (2) information access, which involved the reasonableness and consequences of brokers' decisions to permit only their customers to view the activity transpiring on their screens; and (3) the utility of brokering services and quotation practices, which raised the question of dealer quotation practices and the applicability of market practices that could serve as benchmarks for evaluating practices in the government securities market.

Dec 19, 2014

Dec 17, 2014

Nov 20, 2014

Oct 6, 2014

Sep 17, 2014

Aug 5, 2014

Jul 31, 2014

Jun 18, 2014

Looking for more? Browse all our products here