Regulatory Notice 15-26

FINRA Requests Comment on a New Academic TRACE Data Product

Comment Period Expires: September 14, 2015

Executive Summary

FINRA is soliciting comment on a proposal to create a new Academic TRACE Data product that would be available to institutions of higher education. FINRA and the Municipal Securities Rulemaking Board (MSRB) have been engaged in ongoing dialogue to support a coordinated approach to potential rulemaking in this area. The MSRB also is publishing a notice soliciting comment on a similar proposal that would establish a historical data product of post-trade municipal securities transaction data collected though the MSRB’s Real-time Reporting System (RTRS) for institutions of higher education.

The proposed rule text is attached as Appendix A. Selected key terms from the User Agreement for the proposed new Academic TRACE Data product is attached as Appendix B.

Questions regarding this Notice should be directed to:

  • Ola Persson, Vice President, Transparency Services, at (212) 858-4796; or
  • Racquel Russell, Associate General Counsel, Office of General Counsel, at (202) 728-8363.
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
8/24/2015Bond Dealers of AmericaPDF - 85.12 KB
9/14/2015SIFMAPDF - 275.79 KB
9/14/2015Carrie DevorahPDF - 64.15 KB