The term "trace" has several meanings depending on the context:
- General Meaning : To trace means to follow or find the course, track, or origin of something lost or to copy a design by drawing over it
- In Technology (Distributed Systems) : A trace represents a single end-to-end transaction in a distributed system, documenting each step from initiation to completion across services. It helps visualize service interactions and identify bottlenecks or errors
- In Finance (TRACE Program) : TRACE (Trade Reporting and Compliance Engine) is a system operated by FINRA that reports over-the-counter transactions for eligible fixed-income securities, providing transparency in bond markets. It offers real-time and delayed data feeds and various data products for market participants and regulators
- In Environmental Sustainability (Trace Platform) : Trace is a cloud-based platform helping businesses measure, analyze, and reduce their carbon emissions by collecting data, identifying emission hotspots, and generating compliance reports. It supports decarbonization strategies and sustainability culture within organizations
What TRACE Does
- Trade Reporting and Compliance Engine (TRACE) : It collects and disseminates transaction data for OTC fixed-income securities to enhance market transparency and regulatory oversight. It provides real-time price information, transaction details, and historical data to investors, market professionals, and regulators
- Trace Platform for Sustainability : It collects emissions data, identifies hotspots, monitors greenhouse gases, and provides actionable insights and recommendations to reduce carbon footprints of businesses and events
How Much TRACE Costs
- TRACE (FINRA) Pricing :
- Set-up fee: $1,000 (initial), $500 annually thereafter for some data services.
- Real-time data feed: $1,500/month.
- Professional user license: $60/month.
- Enterprise license: $7,500/month.
- Some data products have additional fees (e.g., enhanced historical data, academic data)
- Trace Sustainability Platform Pricing :
- Pricing is not publicly listed; it varies based on team size and event frequency. Quotes are available on request. The platform offers subscription tiers tailored to different organizational needs
In summary, "trace" can refer to following or copying something, a technical term in distributed systems, a financial market reporting system (TRACE), or a sustainability software platform (Trace). The cost depends on the specific service: FINRA's TRACE has detailed fees starting from hundreds to thousands of dollars per month, while the sustainability Trace platform requires direct inquiry for pricing.
