Electronic Trading: NFMA Still Fears SMMP Proposal Would Create Two-Tiered Market

Hume, Lynn
November 2001
Bond Buyer;11/16/2001, Vol. 338 Issue 31267, p6
Trade Publication
Reports on the concern of National Federation of Municipal Analysts (NFMA) regarding effect of proposal for sophisticated municipal market professionals (SMMP) on electronic trading system in the U.S. bond market. Response of the Municipal Securities Rulemaking Board (MSRB) on concern of NFMA; Requirements for investor to qualify as SMMP; Limitation for using electronic trading for dealers due to presence of SMMP.


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