MSRB Requests Comment on Post-Trade Municipal Securities Transaction Data Product (with Lofchie Comment)
The MSRB issued a regulatory notice requesting comment on a proposal to establish a historical data product to provide institutions of higher education with post-trade municipal securities transaction data collected through the MSRB's Real-time Transaction Reporting System ("RTRS"). The RTRS Academic Data Product would allow academic researchers to distinguish transactions executed by a particular firm.
Comments must be submitted by September 14, 2015.
Lofchie Comment: It seems a great idea for the regulators to attempt to benefit from academic expertise, particularly expertise in dealing with large data sets.