MSRB Establishes Formal Academic Program to Further Support Market Research

Date: December 17, 2018

Contact: Jennifer A. Galloway, Chief Communications Officer


Washington, DC – The Municipal Securities Rulemaking Board (MSRB) today announced it is establishing a formal Academic Program as part of its mission to support academic and other researchers. The program includes a new Visiting Scholar position and the ongoing provision of multiple municipal market data sets to universities and other research institutions looking to conduct research about the municipal securities market.

To expand municipal securities data research, the MSRB seeks a candidate to join the organization as a Visiting Scholar. The scholar will conduct in-depth analyses on municipal market data collected by the MSRB and from other sources. Learn more about the Visiting Scholar position.

 “We are committed to supporting the academic community and its ability to explore municipal market data that may enhance the understanding of trading activity and market transparency,” said MSRB President and CEO Lynnette Kelly. “The work of the Visiting Scholar position will help influence additional insight about the municipal securities market.”

The MSRB recognizes that the research community is in a position to generate additional insights and conclusions about the municipal securities market. For several years, the MSRB has provided the academic and research community access to several data products from the MSRB, including historical sets of trade data, primary market and continuing disclosures, and information related to variable rate securities. Learn about data sets available from the MSRB and how to make data requests.

Access to municipal market trading data is also available through an agreement with WRDS, a service of the Wharton School of the University of Pennsylvania, which provides financial and economic data to various corporate, academic, government and nonprofit users. The addition of a Visiting Scholar to the MSRB’s academic program further enhances support for the academic community.

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.