ALEXANDRIA, Va.--(market statistics available on its Electronic Municipal Market Access (EMMA®) website to include monthly data on new issuance of municipal securities as reported to the MSRB. On average, $450 billion worth of municipal securities are issued each year and the new data on EMMA provides the marketplace with a new and free source of issuance information.)--The Municipal Securities Rulemaking Board (MSRB) today announced that it has enhanced the
The MSRB’s EMMA website is a centralized online database that provides free public access to official disclosure documents and trade prices associated with municipal bonds issued in the United States, among other information. The MSRB is the official source of municipal primary market disclosures and is now compiling aggregate issuance statistics based on that information.
The addition of the data is part of an overall redesign of EMMA’s Market Statistics section, which includes information on the amount and volume of municipal market trading.
EMMA already provides trade information and disclosure documents for municipal bonds. The new municipal issuance data dates to January 1, 2011 and includes par amount issued, number of issues and average issue size. Trade data on EMMA include summaries of municipal securities transaction activity for all published trades disseminated by the MSRB for every trading day since May 15, 2006.
The Municipal Securities Rulemaking Board (MSRB) protects investors, issuers of municipal securities and entities whose credit stands behind municipal securities, and public pension plans by promoting a fair and efficient municipal market. The MSRB fulfills this mission by regulating securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB promotes disclosure and market transparency through its Electronic Municipal Market Access (EMMA) website, provides education and conducts extensive outreach. The MSRB has operated under Congressional mandate with oversight by the Securities and Exchange Commission since 1975.