The Municipal Securities Rulemaking Board has filed a rule change with the Securities and Exchange Commission that increases the price of a one-year historical transaction-data report to $2,500 from $600.
The board announced the fee increase — which takes effect immediately and is part of an ongoing effort to offset operating and data program costs — in a notice released Wednesday.
The MSRB said also that it will charge a one-time set-up fee of $2,000 to new purchasers of the historical transaction data.
However, that fee will not be charged to prior purchasers of the historical data or the current subscribers of its other data services.
The board said in the release that it first began selling the historical data in 2004 and the fees for it have not increased during the past six years. The historical data can only be purchased for one calendar year at a time.
The transaction information provided in the historical data report is the same that currently appears for free on the MSRB’s EMMA website and in the board’s delayed Comprehensive Transaction Data Subscription Service, for which it charges $5,000. That report provides trade data for one day, five days, and 20 days after the trade.
The type of information in the reports is the same and includes the trade data, the CUSIP number and a description of the issue, the size of the transaction, any dealer-reported yield, and whether the transaction is a sale or purchase and involves a customer or another dealer.
The MSRB also charges an annual fee of $10,000 for a Real-Time Transaction Reporting Service.
