John Bagley, Chief Market Structure Officer

John A. Bagley is Chief Market Structure Officer for the Municipal Securities Rulemaking Board (MSRB). He leads the Market Structure department, which is responsible for the organization’s activities and functions related to market leadership, market structure, market transparency, economic analysis, research and industry operations. Mr. Bagley also oversees the Product Solutions and Operations department, which is responsible for the MSRB's market transparency products and data subscription services.

Mr. Bagley most recently served as president of BondDesk Trading LLC, where he was responsible for its broker-dealer and related trading platform activity. Previously, Mr. Bagley served in sales and trading roles at divisions of UBS and its predecessor, PaineWebber, for nearly three decades.

Mr. Bagley serves on the Securities and Exchange Commission's Fixed Income Market Structure Advisory Committee.

Mr. Bagley received his bachelor’s degree from Boston University and has a master’s of business administration from Columbia University.


The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a Congressionally-chartered, self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is subject to oversight by the Securities and Exchange Commission.

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