Industry opposes MSRB's proposed shorter trade-reporting window

Market participants responded to a request for comments from the Municipal Securities Rulemaking Board regarding a proposal to shorten its 15-minute window for reporting trades. SIFMA and other groups opposed the idea. Leslie Norwood, SIFMA's co-head of municipal securities, said shortening the requirement would put an additional burden on smaller broker dealers and would not significantly improve transparency. Read SIFMA's comments to the MSRB.

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