Standard & Poor’s has introduced a new Securities DataManager, which will provide municipal and corporate fixed income descriptive data with continuous intraday updates. The new service complies with the municipal industry’s Real Time Trade Match (RTTM) efforts to mandate the submission of municipal trades within 15 minutes of execution and to indicate the timing of the trade. Specifically, the collaborative industry effort amended MSRB G-14 and MSRB G-34 rules regarding the timing of reporting trades. Frank Ciccotto, senior vice president at Standard & Poor’s says, “By amending the rules, the dealer community has sent a strong signal for the need for timely reporting.” Securities DataManager is available in either fixed field or XML formats.
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