SIFMA provides comments to the Municipal Securities Rulemaking Board (MSRB) on more contemporaneous trade price information through a new central transparency platform, MSRB Notice 2013-02. SIFMA and its members support the concept of transparency and have been very supportive of some the MSRB’s past transparency initiatives, such as the MSRB’s Electronic Municipal Market Access (EMMA) website. However SIFMA has some specific concerns about the benefits of these proposals relative to the costs and burdens they will impose upon the regulated entities.