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Market Transparency and Technology

Learn about the MSRB’s Market Transparency and Technology team
  • Operating EMMA and Related Market Transparency Systems. A key way the MSRB protects investors and municipal entities in the municipal market is by making market information as transparent and widely available as possible through our free Electronic Municipal Market Access (EMMA®) website. By providing free access to municipal bond offering documents, continuing disclosures, trade prices, interest rates and other information, investors and others can better understand the terms, characteristics and risks of a particular security. At the same time, the mechanisms of a transparent market allow issuers of municipal securities to provide information to existing and potential investors and to gain a comprehensive view of the marketplace allowing them to compare their securities with other bonds. Read about the MSRB’s suite of market transparency systems.
  • Continually Enhancing the EMMA User Experience. The MSRB continues to evolve and enhance the EMMA website and underlying market transparency systems, maximizing their benefits for the protection of investors, state and local governments, and other market participants. Keep up with upcoming and longer-term EMMA enhancements with the MSRB’s forward roadmap of its transparency and technology initiatives.
  • Empowering the Market through Technology. The MSRB is committed to providing secure and resilient systems to both the market and staff. The MSRB strives to evolve its systems with modern technologies and to deliver a secure and enhanced user experience so that the MSRB has the technology needed to better serve its mission.
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John Toye
Chief Information
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