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Primary Market Subscription

Primary Market Subscription

The MSRB offers two ways for market participants to acquire the MSRB’s market-wide collection of primary market municipal securities documents and related indexing information: through a real-time subscription or a historical data set.

Subscription Service
The Primary Market Subscription Service provides a real-time data feed of all primary market disclosure documents, including official statements, preliminary official statements, advance refunding documents, amended documents and related information provided to the MSRB. Subscription data and documents are delivered via computer-to-computer data streams utilizing XML files and PDFs. The cost of an annual subscription is $20,000. 

Historical Data Product
In addition to the Primary Market Disclosure Subscription Service, the MSRB offers a Primary Market Disclosure Historical Data Product, which is available for $10,000 for a consecutive 12-month period, plus a one-time $2,000 fee for first-time purchasers. This product consists of the same data set as the Primary Market Subscription Service, which includes primary market disclosure documents and related indexing information provided to the MSRB since June 1, 2009.

Subscription Resources

Additional Information