In a letter filed with the US Securities and Exchange Commission today, the FIA Principal Traders Group (FIA PTG) again supported FINRA's efforts to enhance TRACE reporting of US Treasury Securities. FIA PTG supported the proposal to “generally require reporting to TRACE as soon as practicable but no later than 60 minutes;” while urging FINRA to continue monitoring and consider shortening the reporting timeframe even further in the future.
In addition to supporting the proposed reporting enhancements, FIA PTG continued to advocate for increased transparency into the US Treasury market through public transaction reporting.
