FT Interactive Data adds support for MSRB reporting regulations
FT Interactive Data, the major operating subsidiary of Interactive Data Corporation and a leading supplier of financial information to global markets, announced today it has implemented a series of enhancements in response to the Municipal Securities Rulemaking Board (MSRB) requirements for Real-Time Transaction Reporting (RTTR).
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In order to promote transparency in the municipal market, dealers will be generally required to report trade prices and other trade related data within fifteen minutes of trade execution. Given that timeliness of municipal descriptive data is key to the municipal market, FT Interactive Data has enhanced several of its municipal descriptive data services to complement the MSRB requirements.
"At FT Interactive Data, we continually strive to meet the needs of our clients," said Spencer Gallagher, director of reference data products for FT Interactive Data. "This new development reflects our ongoing commitment to meet our clients' heightened requirements for timeliness within the municipal securities industry. Upon request, clients can add these features to their existing delivery, avoiding the unnecessary delays involved with implementing a new service."
As of January 31, FT Interactive Data has:
- Added access to formal award, date and time and first execution date and time data to all municipal services
- Released a new version of the MuniView On Demand service that allows ad hoc retrieval of its file-based service in less than one minute
- Enhanced the timeliness of the municipal data in both FTInteractiveData.com(TM) desktop and RemotePlus(TM)
- Enhanced the timeliness of its SIRS-on-Demand(TM) service, and
- Created the capability to deliver MuniView(R) intra-day adds and changes files every three minutes (previously MuniView intra-day files were delivered on up to an hourly basis).