international securities market association
...市场包括（i）那斯达克（NASDAQ）系统店头交易市场；（ii ） 国际证券市场协会（International Securities Market Association）会员之店头 交易市场；（iii）由美国 NASD 控管之债券店头交易市场；（iv）一般于任 何其他交易模式相似的管制市场当中进行债券（...
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但其一级市场和次级市场都 是由国际证券市场联合会（International Securities Market Association） 设定法规，不少国家的央行在法规的设定方面仍有些影响力。与欧洲债 券市场相比，国内债券市场的发行都设有严格的法规限制。
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international securities market association
国际证券市场协会
以上为机器翻译结果，长、整句建议使用 人工翻译 。
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For example, the International Securities Market Association, based in Switzerland, announced in January that it would develop a system to offer real-time prices for Eurobonds and internationally traded government bonds by the second quarter of 1999.
ECONOMIST: Bond trading
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The International Capital Market Association, a trade group for securities-market participants, estimated in a report last month that the tax would cause the short-term repo market to contract by 66%.
WSJ: Review & Outlook: The Transaction-Tax Climbdown