MSRB Rule G-14 requires municipal securities dealers to report to the MSRB the sale and purchase of municipal securities.
The RTRS Specifications document details various aspects of the MSRB's Real-time Transaction Reporting System (RTRS), including input and output specifications for interfacing with RTRS using interactive messaging. Error codes assigned to an RTRS submission are also included.
The RTRS Manual describes the web-based input of data into RTRS and describes related compliance reports.
Questions and Answers
Dealer Data Quality Report Guides
Dealer Data Quality Summary Report Guide: The RTRS Dealer Data Quality Summary report provides dealers with summary statistics and details of their trades. Correspondent, or non-clearing firms, should access the Summary of Correspondent’s Trades report view inter-dealer reporting done on their behalf. This report can only be accessed through the RTRS Web interface.
Dealer Data Quality Summary of Correspondent's Trades Guide: The RTRS Dealer Data Quality Summary of Correspondent’s Trades report provides correspondent firms with summary statistics and details of all their trades. This report can only be accessed through the RTRS Web interface.
Dealer Data Quality Detail Report Guide: The RTRS Dealer Data Quality Detail report provides firms with the identifying details of trades in certain categories of the data quality reports. This report can only be accessed through the RTRS Web interface.
Test Submission Information
Reports on Dealers Trades
Dealers can obtain a record of the transactions for which a fee has been assessed to verify their compliance with Rule G-14. Use the MSRB's Dealer Feedback System (DFS) in MSRB Gateway to request a report of all transactions reported to RTRS within a selected calendar month. Reports are available for the three most recent billing months processed by the MSRB.