MSRB Launches New EMMA Tool to Improve Investor Access to Municipal Securities Pricing Info

MSRB announced the launch of a new electronic tool to help retail investors gauge the trade price of a municipal bond more quickly and easily.

Using MSRB's Electronic Municipal Market Access (EMMA®) website, investors can use the tool to assess the potential value of municipal securities that trade infrequently by finding recent trade prices of municipal securities with similar characteristics, including maturity date, interest rate, state and other features. Users can then select up to five matching securities to view a side-by-side comparison of their prices and yields or to chart their price trends over time.

Also, the EMMA website now allows investors to see the prices at which the same bond has been bought or sold.

See: MSRB Press Release.See also: Training Video for the MSRB's Price Discovery Tool.