SIFMA Submits Comments to MSRB on Enhancements to Post-Trade Municipal Securities Transaction Data

SIFMA submitted a response to the MSRB's request for comment on potential enhancements to the post-trade municipal securities transaction data that would be disseminated from a new central transparency platform ("CTP").

SIFMA stated that, while it was pleased with the "methodical manner" in which the MSRB proceeded to obtain input regarding the development of the CTP, it was concerned about the cost of certain elements of the proposal. In particular, SIFMA voiced concerns about the proposed addition of a conditional trading commitment indicator, as well as changes related to dealer compensation arrangements. SIFMA also noted that it "feels strongly" about the need for the MSRB to clarify its guidance regarding the use of the List Offering/Price Takedown Transaction indicator.

See: SIFMA Comment Letter. Related news: MSRB Requests Comments on Enhancing Municipal Securities Trade Data on EMMA Web Site (MSRB Reg. Notice 2014-14) (August 13, 2014).