MSRB Monthly Update - February 2012

MSRB Monthly Update February 2012
Upcoming Event
The MSRB is hosting an education and outreach seminar on Wednesday, February 22, 2012 in Dallas, Texas.
The event will provide an opportunity for municipal market professionals to learn about MSRB initiatives and current rulemaking to protect investors and municipal entities.
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The MSRB will also host an education and outreach seminar in Chicago, Illinois on Wednesday, April 11, 2012.
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Did you know
The MSRB is on Twitter. Follow @MSRB_News for updates on municipal market regulation, the EMMA website and other MSRB initiatives.

Highlight of the Month

The MSRB Board of Directors recently held its quarterly meeting where it addressed investor and municipal entity protection, and approved a long-range plan for support of the MSRB's market transparency systems. Read more about upcoming MSRB initiatives or about past Board actions.
Board meeting

New and Noteworthy

EMMA Mobile Coming This Month

Later this month, the MSRB will release a mobile-friendly version of its Electronic Municipal Market Access (EMMA®) website. EMMA Mobile will optimize certain features of the full website, such as search functions, recent trade prices and market statistics, and is designed for regular users of the EMMA website.

MSRB Seeks Seven New Board Members

The MSRB is currently accepting applications for its Board of Directors through March 1, 2012. Learn about membership requirements, the application process and how to apply online.

EMMA Market Statistics

Small Trades Decrease in January*

EMMA Market Statistics


Municipal securities trades of $100,000 or less, which are typically used as a proxy for retail activity, continued to trend lower, accounting for 81.4 percent of the 797,451 trades in January 2012, the lowest percentage since September 2011. On average, these smaller trades accounted for nearly 83 percent of all trades in 2011. In terms of par traded, trades of $100,000 or less accounted for 9.5 percent of all par traded in January, slightly below the average of 9.6 percent for 2011.  

As a comparison, trades of more than $1 million accounted for 3.5 percent of all trades and 72.0 percent of all par amount traded in January 2012.
For more information or other statistics on municipal trading activity, continuing disclosures or variable rate resets, visit the MSRB's EMMA website.
*Based on trading data as of February 2, 2012

Regulatory Roundup

(February 7, 2012)