Contact: Jennifer A. Galloway, Chief Communications Officer
(703) 797-6600
jgalloway@msrb.org
MSRB ENHANCES PRICE TRANSPARENCY FOR LARGE TRADES
Alexandria, VA ‒ The Municipal Securities Rulemaking Board (MSRB) is now displaying real-time exact par values on all municipal securities transactions valued at $5 million or less on the Electronic Municipal Market Access (EMMA®) website. Previously the real-time dissemination of par values was limited to transactions up to $1 million. The change reflects the MSRB’s goal of providing market participants with more complete and timely information about the pricing of municipal securities.
The MSRB plans to continue to evaluate whether the $5 million threshold can be raised further or completely eliminated with a view towards bringing full transparency of exact par values to the municipal market in real-time.
Read more about the MSRB’s enhancement to large trade size transparency.