5.4.5. 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 0.001% ($0.01 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 customer transacti