The BDA submitted a comment letter to the MSRB regarding their requested approval from the SEC for a proposal to expand the post-trade data displayed on EMMA.
Amendments to the MSRB’s Real-Time Transaction Reporting System (RTRS) would require dealers to indicate trades executed on an alternative trading system and trades involving non-transaction based compensation arrangements, among other changes. You can find our final letter here.
The BDA’s letter includes discussion on the following:
- Support for increased transparency
- Concern regarding additional associated reporting costs
- Request for nine-month testing period
04-17-2015