FIF Submits Comment Letter to the SEC on the FINRA and MSRB Rule Filings to Reduce the Reporting Timeframe for Corporate, Agency and Muni Bonds to One Minute

On February 15 FIF submitted a comment letter to the SEC on (i) the January 11 rule filing by FINRA to reduce to one minute the TRACE reporting timeframe for securities that are currently subject to a fifteen-minute reporting timeframe and (ii) the parallel rule filing by the MSRB on January 12. FIF would like to thank the members of the FIF TRACE / Fixed Income Working Group for their participation in the drafting of this comment letter.