The Securities Industry Association (SIA)* provides comments to the Securities and Exchange Commission (SEC) on the National Association of Securities Dealers, Inc. (NASD) proposed rule change relating to TRACE market data fees, Release No. 34-51336; File No. SR-NASD-2005-026.  In addition to the comments on the proposed rule, SIA petitions the SEC for rulemaking to review the definitions of “Professional” and “Non-Professional” as interpreted for market data fee and administrative purposes.

*SIFMA is the product of the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.