Grant Street Group Launches New Service

January 14, 2002

School District of Pittsburgh First Client Pittsburgh, PA (January 14, 2002) — In November and December 2001, Grant Street Group (formerly MuniAuction), the Pittsburgh based Internet auction house for fixed-income securities, used its new money market investment platform to solicit $13.5 million of CDs from Pittsburgh area banks. Traditionally, school districts and other municipal entities… Read more »

Categories: Auctions

Grant Street Group Announces New Document Posting and Distribution Services (DPDS)

December 11, 2001

Pittsburgh, PA (December 11, 2001)— Grant Street Group announced today that it began offering its new Document Posting and Distribution Services (DPDS) to the investment community in early November. In addition to creating, archiving and electronically distributing Preliminary Official Statements (POS) and Notices of Sale (NOS), Grant Street posts Final Official Statements (OS) and other… Read more »

Categories: Auctions

Opening of YieldAuction Website

September 12, 2001

Pittsburgh, PA (September 12, 2001)— In an effort to help money market participants recover from the impact of Tuesday’s tragedy, Grant Street Group is offering the use of its YieldAuction website — free of charge — to institutional CD and TD players. Our staff will be available by phone to assist you and your counterparties… Read more »

Categories: Auctions

Capital Markets Still Functioning

Pittsburgh, PA (September 12, 2001) — The State of Texas conducted a successful auction today using its investment website,, to purchase $70 million of 6-month certificates of deposit. The bidders–41 Texas banks–submitted 143 bids totaling $110 million, which compares favorably with results of similar auctions conducted by the State in recent months. “We are… Read more »

Categories: Auctions

Pennsylvania State Treasurer Barbara Hafer Announces Plans to Launch BidPA

September 1, 2001

Pittsburgh, PA (September 1, 2001)— Pennsylvania State Treasurer Barbara Hafer has announced plans to launch BidPA, an on-line auction platform allowing Pennsylvania banks to competitively sell Certificates of Deposit to the Treasury Department. Treasurer Hafer will hold two back-to-back auctions on a monthly basis for 3 month and 6 month CDs. The first two auctions… Read more »

Categories: Auctions

Wilmington Trust Expands Financial Offerings with Site Created and Maintained by Grant Street Group

May 29, 2001

WILMINGTON, Del. — (BUSINESS WIRE) — May 29, 2001via NewsEdge Corporation – Wilmington Trust introduced the financial industry’s first online transaction Website connecting brokers-dealers, issuers, and indenture trustees of auction reset securities, a frequent investment option for corporations and high-net-worth individuals. Through, Wilmington Trust enters the $50 billion auction reset securities market. Traditionally, most… Read more »

Categories: Auctions

First Internet Auction of Custody Securities by Lender/Custodian

May 17, 2001

Pittsburgh, PA (May 17, 2001)— Mellon Financial Corporations Global Securities Lending Group conducted its first Internet based auction of securities held in custody on Wednesday, May 16. Dealers submitted bids to borrow shares of a highly sought after equity in an open auction lasting 30 minutes. During the auction, bidders were permitted to see whether… Read more »

Categories: Auctions

BidOhio Receives a National Award from the GFOA

April 15, 2001

Pittsburgh, PA (April 15, 2001)— BidOhio, an Internet-based auction platform created by Grant Street Group for the Ohio Treasurer’s jumbo CD program, won its third national award when the Government Finance Officers Association (GFOA) selected Ohio to receive the Louisville Award for Financial Innovation. BidOhio has previously been recognized by the Association for Financial Professionals… Read more »

Categories: Auctions

Louisiana to Hold its First Jumbo CD Auction on April 17

April 1, 2001

Pittsburgh, PA (April 1, 2001) — On Tuesday, April 17, 2001, the State of Louisiana will hold its first Internet auction for jumbo certificates of deposit (CDs) on its private-label website ( created by the Grant Street Group. The Louisiana Department of the Treasury will conduct quarterly auctions for the placement of $50 million in… Read more »

Categories: Auctions

MuniAuction Changes Name

February 12, 2001

Pittsburgh, PA (February 12, 2001)— MuniAuction, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues, has changed its name to Grant Street Group. The new name reflects completion of the company’s transition from an Internet auctioneer for new municipal bond issues to a unique application service provider (ASP) that both hosts Internet auctions… Read more »

Categories: Company History