MSRB Trade Indicator Plans Opposed

Hume, Lynn
July 2006
Bond Buyer;7/3/2006, Vol. 357 Issue 32415, p1
Trade Publication
The article reports on the opposition of a group of private investors to proposals by the U.S. Municipal Securities Rulemaking Board to require dealers to use new real-time trade reporting designations. The new conditional trading commitment, an indicator to distinguish between trades, was proposed by the board in late April 2006. In a comment letter, financial adviser First Southwest said that though improvement in price transparency from the implementation of the system has been significant, any benefits are slight and seem to be outweighed by the cost and burden to dealers to comply with them.


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