The Municipal Securities Rulemaking Board will issue two concept releases next month, one seeking public comment on whether to develop a best execution rule and another requesting input on enhancing post-trade data reporting and developing standards for collecting and disseminating pre-trade information.
The best execution release will be of a more general nature, and will not include the Securities Industry and Financial Markets Associations execution with diligence proposal, MSRB chairman Jay Goldstone said following the boards quarterly meeting in Boston.
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