MFA Submits Comment to FINRA on TRACE Treasury Reporting

MFA sent a comment letter to FINRA in response to its proposal on enhancements to TRACE reporting for U.S. Treasury Securities. The letter addresses efforts to improve the quality of TRACE Treasury data reporting and argues that shortening the trade reporting timeframe and adding a clearing arrangement indicator to mark the method by which a transaction is cleared will enhance regulators’ understanding of the Treasury markets and move towards harmonizing the data regime on Treasuries with other fixed income markets.