MSRB To Pilot Daily Report System; How Still In Doubt

CONTENT & FEES

The Municipal Securities Rulemaking Board (MSRB) plans in November to begin system testing of its so-called pilot program to provide market participants with more daily information about the value of municipal securities. However -- though the testing is expected to be completed by January 1995 -- the MSRB has still not established how it intends to disseminate its daily muni reports.

According to Larry Lawrence, quality and technology advisor for the MSRB, the MSRB will gather in its daily-