Ownership since 2004 reveals a continuous decline in individual investor direct ownership of municipal securities while ownership through funds has steadily risen. Read the report.

Trade analysis of first eight months of 2021 and comparison with the same period of previous years.

This paper focuses on the impact of electronic trading technology on the municipal securities market by analyzing inter-dealer trading activity on alternative trading systems (ATSs) and broker’s…

Summary statistics on Non-Transaction Based Compensation (NTBC) Trade Reporting.

Analysis of trends and changes in municipal securities dealer’s participation and concentration.

Analysis of pre-trade quote data for municipal securities available to market participants on alternative trading systems (ATSs).