The MSRB notified members that the SEC approved a proposal to provide academic institutions with post-trade municipal securities transaction data collected through the MSRB Real-Time Transaction Reporting System ("RTRS Academic Data Product"). Although post-trade municipal securities transaction data is currently available publicly, the RTRS Academic Data Product will improve the usefulness of the data by allowing academics to distinguish between transactions that were executed by different dealers.
The MSRB noted that it will announce the effective date of the RTRS Academic Data Product in a regulatory notice to be published no later than December 12, 2016, and the effective date will be no later than June 9, 2017.
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