Treasury recommends closing the PTF data granularity gap by requiring trading platforms operated by FINRA member broker-dealers that facilitate transactions in Treasury securities to identify the customers in reports to TRACE of Treasury security transactions.
Treasury supports the Federal Reserve Board’s efforts to collect Treasury transaction data from its bank members.
To further the study and monitoring of the Treasury cash market, Treasury recommends that the CFTC share daily its Treasury futures security transaction data with Treasury.
To better understand clearing and settlement arrangements in the Treasury interdealer broker (IDB) market and the consequences of reform options available in the clearing of Treasury securities, Treasury recommends further study of potential solutions by regulators and market participants.
Treasury reiterates its recommendation from the Banking Report to amend regulation to improve the availability of secured repurchase agreement (repo) financing.