OTC Markets Group Inc. introduced its Fixed Income 15c2-11 Data Product -- a premium offering that applies its expertise on SEC Rule 15c2-11 compliance in the equity market to TRACE eligible Corporate Debt Securities. In late 2022, the SEC clarified that the updated Rule 15c2-11 also applies to OTC fixed income securities and not solely to OTC equity securities. Designed in response to the SEC's clarification, the new data file provides both summary and detailed data regarding 15c2-11 compliance for more than 130K corporate debt securities.

By integrating this user-friendly product into their daily operations, compliance teams can easily assess their compliance with federal securities law. Subscribers will have access to Phase 1 Compliance Status for the TRACE corporate universe and to exemption details through the product's ‘Reason Code' data. Exemption detail and transparency of the logic employed will allow end user firms to create custom processes tailored to their business model.