Transparency Spreads to Bond Market

OPERATIONS

The Municipal Securities Rulemaking Board’s (MSRB) plan to move municipal bond dealers from batch to real-time transaction reporting was released last week and the agency is now waiting to get feedback from the industry.

The MSRB, which regulates securities firms and banks involved in the underwriting, trading and selling of municipal securities, bonds and notes, is moving from a mainframe-based, daily batch processing system to a Real-Time Transaction Reporting System (RTRS) which is slated

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