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TRACE

 
Investment Dictionary: Trade Reporting And Compliance Engine - TRACE

A program developed by the National Association of Securities Dealers (NASD) which allows for the reporting of over-the-counter (OTC) transactions pertaining to eligible fixed-income securities. Brokers, who are NASD members and deal with specific fixed-income securities, are required to report their transactions by Securities and Exchange Commission (SEC) rules.

Investopedia Says:
From 1998-2001, the SEC approved rules adopted by the NASD regarding the transactions in all U.S. corporate bonds and secondary OTC fixed-income transactions. These rules were developed to bring greater price transparency to bond markets. Subsequently, TRACE was brought into play in 2002 to comply with the newly approved rules. The program replaced the previous Fixed Income Pricing System (FIPS) used since 1994.

Related Links:
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Find out how this regulatory body protects the rights of investors. Policing The Securities Market: An Overview Of The SEC
Find out how fixed-income investments evolved in the past century and what it means today. The Bond Market: A Look Back


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Wikipedia: TRACE
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Transition Region and Coronal Explorer (TRACE)
Artist's illustration of TRACE in orbit
Artist's illustration of TRACE in orbit
General information
Organization NASA
Launch date 2 April 1998 UT
Mission length 11 years, 7 months, and 2 days elapsed
Telescope style Cassegrain reflector
Wavelength white light (170 to 1000 nm)
UV (~121.6/155/~160/~170 nm)
EUV (17.1/19.5/28.4 nm)
Diameter 30 cm
Focal length 8.66 m
Website http://trace.lmsal.com

TRACE (Transition Region and Coronal Explorer) is a NASA space telescope designed to investigate the connections between fine-scale magnetic fields and the associated plasma structures on the Sun by providing high resolution images and observation of the solar photosphere and transition region to the corona. A main focus of the TRACE instrument is the fine structure of coronal loops low in the solar atmosphere. TRACE is a SMEX or SMall EXplorer mission.

The satellite was built by NASA's Goddard Space Flight Center. Its telescope was constructed by a consortium led by Lockheed Martin's Advanced Technology Center. The optics were designed and built to a state-of-the-art surface finish for the period, by the Smithsonian Astrophysical Observatory (SAO) in Cambridge MA. TRACE was launched in April 1998 on a Pegasus rocket, has a 30 cm aperture and 1024 x 1024 CCD detector giving an 8.5 arc minute field of view. The telescope is designed to take correlated images in a range of wavelengths from visible light, through the Lyman alpha line to far ultraviolet. The different wavelength passbands correspond to plasma emission temperatures from 4,000 to 4,000,000 K. The optics use a special multilayer technique to focus the difficult-to-reflect EUV light; the technique was first used for solar imaging in the late 1980s and 1990s, notably by the MSSTA and NIXT sounding rocket payloads.

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