Recently Released!!!
Date Published: April 28, 2020
Summary PowerPoint Deck: 41 Slides
Reference PowerPoint Deck: 142 Slides

The purpose of this research is to provide readers with a comprehensive understanding of municipal bonds, including electronic communication networks (ECNs) and the related technology & data service providers. This research is part of Tiburon's broader coverage of individual securities & capital markets.

This research addresses the key historical phases of municipal bonds, including:

• Early Phase
• Middle Phase
• Recent Phase

This research outlines the key industry players within municipal bonds, including:

• Securities Exchanges
• Specialists
• Market Makers
• Electronic Communication Networks (ECNs)
• Technology & Data Service Providers

And this research makes several future predictions for municipal bonds, including:

• Impact of Switch to T+1 Settlement
• Impact of the Switch to Decilimization
• Emergence of After-Hours Electronic Trading
• Directed Brokerage & Soft Dollar Practices Under Attack
• Leveraging Portfolios through Securities Lending
• Technology Leading to Cost Reductions in Trade Execution