{"id":9534,"date":"2009-01-02T00:00:00","date_gmt":"2009-01-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bond-dealers-hedge-funds-will-face-penalty-for-failed-trades","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/bond-dealers-hedge-funds-will-face-penalty-for-failed-trades.html","title":{"rendered":"Bond Dealers, Hedge Funds Will Face Penalty for Failed Trades"},"content":{"rendered":"<p>Bloomberg &#8211; Bond dealers and hedge funds that fail to complete trades in Treasury securities face a penalty of as much as 3 percent on the proceeds of transactions, according to a Federal Reserve-backed industry code to be implemented in the next six months. <\/p>\n<p>The plan, which strengthens official oversight of trading, will be unveiled as soon as Jan. 5, said <a href=\"http:\/\/search.bloomberg.com\/search?q=Thomas+Wipf&#038;site=wnews&#038;client=wnews&#038;proxystylesheet=wnews&#038;output=xml_no_dtd&#038;ie=UTF-8&#038;oe=UTF-8&#038;filter=p&#038;getfields=wnnis&#038;sort=date:D:S:d1\">Thomas Wipf<\/a>, chairman of the Treasury Market Practices Group and the head of institutional securities group financing at Morgan Stanley in New York. <\/p>\n<p>&ldquo;It seems quite obvious that the Fed and Treasury cannot and will not accept the status quo for much longer,&rdquo; Wipf said in an interview. <\/p>\n<p><strong><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Bond dealers and hedge funds that fail to complete trades in Treasury securities face a penalty of as much as 3 percent on the proceeds of transactions, according to a Federal Reserve-backed industry code to be implemented in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4969,509,4968,4973,4975,46,4972,149,4974,4976,4977,4967,4970,4971],"class_list":["post-9534","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bond-dealers","tag-federal-reserve","tag-group-financing","tag-market-practices","tag-morgan-stanley","tag-oversight","tag-practices-group","tag-proceeds","tag-securities-group","tag-six-months","tag-trades","tag-treasury-market","tag-treasury-securities","tag-wipf"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9534"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9534\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}