The organizations in this letter have come together to offer suggestions that, we believe, would enhance the ability of issuers and users to more successfully utilize the MSRB’s Electronic Municipal market Access (EMMA) platform. The MSRB has made great strides from its initial goal of establishing a central repository for municipal bond market disclosure, and EMMA has become an indispensable tool for all industry market participants. We urge the MSRB to take additional steps to upgrade both EMMA’s technological capabilities and its functionality in order to improve the system’s accessibility and usefulness to all industry participants. We offer a number of suggestions in this letter that address the organization, accuracy, consistency, transparency and functionality of EMMA and that will help improve EMMA’s effectiveness, both in the short and long term.
- Publication date: January 2017