Today, the BDA submitted a comment letter to the MSRB in response to a request for comment regarding dissemination of post-trade transaction data and a New Central Transparency Platform. You can view our final comment letter here.
Specifically, the letter addresses the following:
- Continued concern regarding the implications of reporting conditional trading commitments and the public dissemination of such information;
- Venue type indicators might confuse the investor;
- Support for the MSRB’s proposal to eliminate the requirement for dealers to include yield on customer trade reports;
- Support for the MSRB’s proposal to require dealers to include an indicator to make it clear when a transaction occurs with a non-transaction based compensation arrangement; and
- Caution that trading strategies could be compromised by misleading information.
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