MSRB Enhances Search Functions on EMMA

Date: August 23, 2010

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



Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today announced improvements to the search capabilities of its Electronic Municipal Market Access (EMMA) website that will help investors more easily locate municipal market data and documents on the site. 

Beginning today, investors can conduct searches for real-time trade data for a period of up to a month rather than just for a single day, allowing for review of data over a particular time period.

Another improvement makes it easier to run a search on a single category of information on EMMA, such as continuing disclosures. By clicking on the advanced search function in EMMA, investors will now see a “Market Activity” box, which contains search links to each of type of data and documents on EMMA.

An existing feature on EMMA allows investors following particular securities to receive an e-mail alert every time a disclosure document is posted for that security. Click here for instructions on signing up for e-mail alerts. EMMA provides free access to disclosure documents for about 1.2 million municipal securities such as official statements and continuing disclosure documents prepared by issuers, daily trade data, market statistics and current interest rates for auction rate securities and variable rate demand obligations. All of the information on EMMA helps investors stay informed about their municipal securities and also provides transparency for the market

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.