MSRB Creates Instructional Video About EMMA

Date: January 15, 2010

Contact:             Jennifer A. Galloway, Chief Communications Officer
                         (703) 797-6600

Tutorial Explains How to Find Information on the
Municipal Bond Disclosure Website

Alexandria, VA – The Municipal Securities Rulemaking Board today made available an instructional video about its EMMA municipal bond website.  The video, which can be accessed here and at, provides an introduction to EMMA and a guide to municipal bond information available on the site, including real-time trade data, disclosure documents for bonds and 529 college savings plans, and market statistics.   

“EMMA is a powerful new tool that gives individual investors access to valuable bond market information that was once available only to institutional investors,” said MSRB Executive Director Lynnette Kelly Hotchkiss.  “EMMA is an intuitive and easy-to-use system.  This video will help new users learn what the site has to offer and quickly take full advantage of the available information.”

EMMA, which stands for Electronic Municipal Market Access, is the central electronic depository for municipal bond information.  EMMA houses information for more than 1.2 million municipal bonds and is available free of charge.  In addition to trade data and disclosure documents, EMMA provides key interest rate information about municipal variable rate demand obligations and auction rate securities, and educational information about municipal bonds.

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 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 overseen by the Securities and Exchange Commission and Congress.