Series 53: Transaction And Technology Assessments

Transaction and Technology Assessments

The MSRB charges a transaction fee on most reported sales to help defray the costs of operating the Board. In 2010, it added a technology fee to help with the costs of maintaining and upgrading its technology systems. This latter fee is reviewed each year to assess its continued necessity.

Transaction Fee. For inter-dealer transactions reported to the MSRB, the Board will assess each broker-dealer an inter-dealer transaction fee equal to .001% ($.01 per $1,000) of the total par value of the reported sales. If the inter-dealer transactions were reported by a submitter for another broker-dealer, the fee must be paid by the submitter. The submitter, in turn, must seek reimbursement from the broker-dealer on whose behalf it reported the transaction.

For reported