MSRB Enhances Market Statistics on EMMA Website

Date: March 3, 2010

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

MUNICIPAL SECURITIES RULEMAKING BOARD ENHANCES
MARKET STATISTICS ON EMMA WEBSITE

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced enhancements to municipal market statistics available on its Electronic Municipal Market Access (EMMA) website.  New features include the addition of a date-range functionality that enables users to view municipal trading patterns between any two available dates, and the ability to view trade activity based on coupon type.

EMMA’s market statistics allow investors to view municipal bond trading trends and better understand market activity.  EMMA provides snapshots of daily trade data based on municipal bond characteristics such as trade type, size, sector, maturity, source of repayment and now, type of coupon, including fixed-rate, variable-rate and zero coupon bonds.  The new date-range feature allows users to obtain a historical view of municipal transaction activity. 

EMMA, which stands for Electronic Municipal Market Access, is the official source for municipal market disclosures and data. All market statistics, trade data, disclosure documents and other information on EMMA are provided free of charge.  EMMA is a service of the MSRB, which seeks to increase available information and transparency in the municipal market in accordance with its investor protection mission. 


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.