The Globe and Mail reports in its Friday edition that Canada's securities industry regulator is getting set to announce changes to its bond trading rules. The Globe's Jacqueline Nelson writes that the Investment Industry Regulatory Organization of Canada says it is changing the reporting system for debt securities dealers. They will soon be required to report every trade on a daily basis, rather than weekly. This move will align the fixed-income side of the market closer with equities, where computer surveillance of trades has been strict for years. The Globe says the end goal is to make sure debt securities transactions are fairly priced. The new rules officially come into effect in two phases starting in November, 2015, and they are meant to tighten up the current market trade reporting system, which is based on weekly statistics that IIROC has said are not dependable enough, since methodologies differ among the firms. In the new system, called MTRS 2.0, IIROC dealer members will swiftly report to IIROC all of their over-the-counter debt security transactions, as well as those of their affiliates that are government securities distributors. IIROC will then share the data with the Bank of Canada.