Series 53: 6.2.1.1. Automated Trade Comparison

Taken from our Series 53 Online Guide

6.2.1.1. Automated Trade Comparison

Recall that the RTTM accepts inter-dealer and many customer trade reports. This system is operated by the NSCC, the principal clearing agency for municipal securities. RTTM sends inter-dealer trades to the MSRB’s RTRS for reporting purposes.

RTTM also processes all eligible transactions for comparison and matching. This includes inter-dealer and customer book-entry trades. The information required for trade comparison is the same information required for

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