Transparency helps investors make better decisions and increases confidence in the fairness of markets.
Transparency means more efficient markets, more trading, and more business for bond dealers.
A sound and sensible approach to bond market transparency is in everybody's interest. I congratulate the MSRB for its continuing efforts to improve transparency in the municipal market. The MSRB announced today a proposal to make data available on individual transactions in securities that were traded four or more times on the previous day and is publishing samples of a new Daily Transaction Report for comment. The new Daily Transaction Report, upon SEC approval, would substantially increase the amount of available information on transactions in municipal bonds traded four or more times during the previous trading day.