SIFMA Submits Comments to MSRB Regarding Pricing Data Dissemination Through a New Central Transparency Platform

SIFMA submitted a comment letter expressing reservations as to the MSRB's concept release on pre-trade and post-trade pricing data dissemination through a new central transparency platform ("CTP"). SIFMA commended the MSRB for seeking to make improvements in transparency and access to information in municipal securities markets. However, SIFMA stated that too much information "for the sake of it" can be harmful by causing confusion and obscuring the material information. SIFMA suggested that the MSRB allow time for the full impact of these recent changes to take place before making further significant changes to the amount of information required to be reported.

See: SIFMA Comment Letter.Related News: MSRB Notice 2013-14: Concept Release on Pre-trade and Post-trade Pricing Data Dissemination through a New Central Transparency Platform (July 31, 2013).