SIFMA Submits Comments to the MSRB on a New Central Transparency Platform
SIFMA submitted comments in the form of a letter to the MSRB on a proposal for more contemporaneous trade price information through a new central transparency platform. See MSRB Notice 2013-02. In the the letter, SIFMA stated that, while it supports the concept of transparency, it has concerns as to certain aspects of the proposal, including:
- the proposed elimination of certain end-of-day reporting exceptions;
- needed updates to the process for trade reporting; and
- the proposal to shorten the window for trade reporting.
Click hereto view letter in full (links externally to SIFMA website).Related News: "MSRB Seeks Input on Development of New Municipal Trade Reporting System (with Lofchie Comment)" (January 17, 2013) and "MSRB Announces Continuing Disclosure Monthly Statistics on EMMA" (March 19, 2013).