A new commentary by MSRB Chief Economist Simon Wu reviews how the COVID-19 pandemic has affected trading costs for investors buying and selling municipal securities.

This paper focuses on the impact of electronic trading technology on the municipal securities market by analyzing inter-dealer trading activity on alternative trading systems (ATSs) and broker’s…

Summary statistics on Non-Transaction Based Compensation (NTBC) Trade Reporting.

Market summary of municipal market trading and shifts in market behavior and structure since 2010, driven by customer purchases.

Detailed analysis of the municipal market during the market dislocation as a result of the COVID-19 pandemic.

Pre-trade market activity for the period from June 1, 2018, through November 30, 2018.

New research by MSRB Chief Economist Simon Wu analyzes the pricing benefits of increased competitive bidding activity in the municipal securities market.

Analysis of buyers of lower coupon municipal bonds and associated risks.

Analysis of trading behavior in the year since the implementation of mark-up disclosure.

Analysis of trends and changes in municipal securities dealer’s participation and concentration.

Analysis of pre-trade quote data for municipal securities available to market participants on alternative trading systems (ATSs).

MSRB Chief Economist’s analysis of reasons for the steady decline in effective spread.

The MSRB Chief Economist's analysis on the relationship between municipal bond ETFs and municipal market liquidity.

Report on municipal market trading patterns, associated pricing and the effect of price transparency on pricing.

Analysis of the primary and secondary markets for Build America Bonds (BABs).

The report details the prevalence of financial advisors and other entities in municipal market transactions.