The Municipal Securities Rulemaking Board has asked market participants how to improve the timeliness, fairness and efficiency of price transparency in the muni market, and whether dealers should be required to report trades in less time than the currently-required 15 minutes from execution.

In a request for comment released Thursday, the board asked market participants what changes dealers would have to make in order to report trades in five or ten minutes, as well as what would be their associated costs and burdens.

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