Today, the BDA submitted a comment letter addressing the MSRB’s concept release on pre-trade and post-trade pricing data dissemination through a new Central Transparency Platform.
The comment letter focused on the following items:
- Keeping certain end of day reporting exceptions intact for list offering transactions and RTRS takedown transactions.
- Warned that the dissemination of too many new data elements may confuse the investor.
- Cautioned against the potential to undermine trading strategies.
- Reiterated a previous concern that shortening the 15 minute reporting cycle could be overly burdensome.
You can find the final letter here: