SECURITIES

NASD Wants to Track Junk Bond Trading: The National Assn. of Securities Dealers has asked the Securities and Exchange Commission to approve plans for a price quotation and surveillance system for junk bonds. The system would provide hourly updates on prices of the 30 to 50 most-actively traded junk bonds, listing high and low trading ranges as well as the amount of bonds traded, the NASD said. Under the proposed system, securities firms would be required to provide the NASD with records of all junk bond trades. The $210-billion market for high-yield, high-risk junk bonds now has no surveillance system.