MuniAuction Hosts First Internet Auction of a Tax-Exempt Interest Rate Swap
February 5, 2001Pittsburgh, PA (February 5, 2001) — MuniAuction, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues, and who recently received a patent on its auction methodology, hosted the first Internet auction of a tax-exempt interest rate swap on February 1. The Commonwealth of Massachusetts conducted the auction on their private label website, www.BidMass.com,… Read more »
Categories: Auctions
MuniComp Gains Market Support
January 18, 2001Pittsburgh, PA (January 18, 2001) — MuniAuction’s online bid calculator, MuniComp, continues to impress underwriters, issuers and financial advisors alike. “The unique combination of MuniComp’s features creates an “auction tool” with which underwriters can both calculate and submit bids while still actively participating in a real-time auction” says Chris Blackwood, Manager of E-Commerce at Kirkpatrick… Read more »
Categories: Auctions
Auction Rate Preferred Securities Move to Internet
Pittsburgh, PA (January 18, 2001) — MuniAuction has conducted another transaction in Auction Rate Preferred securities (ARPs) through Wilmington Trust, (http://www.WTauctions.com). MuniAuction’s ability to create auction and exchange platforms for the capital markets has created opportunities for development of a wide range of web-based applications. MuniAuction typically creates the platforms for its clients and then… Read more »
Categories: Auctions
MuniNet Guide & Review Names MuniAuction, BidOhio and BidSC Websites Among its Top Picks for 2000
January 1, 2001Pittsburgh, PA (January 1, 2001) — MuniNet Guide and Review, a newsletter designed for professionals working in the state and local government arena, named MuniAuction, BidOhio and BidSC in its top picks of outstanding websites in 2000. These Grant Street Group websites captured 3 of the 4 top picks in the Municipal Finance category. MuniNet… Read more »
Categories: Auctions
Grant Street Group Receives Sweeping Patent Covering On-line Bond Auctions
December 12, 2000Pittsburgh, PA (December 12, 2000)— MuniAuction, the Pittsburgh-based Internet company that pioneered electronic bond auctions, received a patent on its popular method of selling new bond issues. On December 12, 2000 the US Patent and Trademark Office issued a patent to MuniAuction, giving the firm exclusive rights to conduct (or license its method of conducting)… Read more »
Categories: Auctions
Texas Held Its First Jumbo CD Auction on Private-Label Site
December 6, 2000Pittsburgh, PA (December 6, 2000)— On December 6, 2000, the State of Texas hosted its first auction for jumbo CDs over the Internet. Texas Comptroller Carole Keeton Rylander said $70 million in certificates of deposit were awarded to 42 banks, credit unions and savings and loans at an average interest rate of 6.19 percent. Texas… Read more »
Categories: Auctions
MuniAuction Chooses Inflow’s Pittsburgh Colocation Center
December 5, 2000Inflow Improves Internet Reliability, Security of Live Auction Website DENVER and PITTSBURGH, Dec. 5 — InFlow, Inc., a national leader in first class data centers and managed services, was chosen by MuniAuction to provide quality colocation with 24x7x365 onsite customer service. Focused on real-time Internet auctions, MuniAuction has installed its production servers in Inflow’s Pittsburgh… Read more »
Categories: Company History
Housing GICs Continue Shift to MuniAuction’s Electronic GIC Platform
November 14, 2000Pittsburgh, PA (November 14, 2000) — Oregon Housing and Community Services Department conducted a GIC auction on the MuniAuction platform on November 14, 2000 for $35 million in public funds. MuniAuction has acted as agent for 22 previous GICs totaling $1.2 billion in par value. Others using the MuniAuction platform have included Alaska Housing Finance… Read more »
Categories: Auctions
MuniAuction Over $1 Trillion in Par Amount
Pittsburgh, PA (November 14, 2000)— MuniAuction, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues conducted an auction today that pushed the company’s total volume over $1 trillion. Three years ago, MuniAuction conducted the first Internet auction of a new bond issue in a controversial $70 million sale for the City of Pittsburgh…. Read more »
Categories: Auctions
Kirkpatrick to Sell $57 Million of Colorado Bonds Via MuniAuction
August 15, 2000from The Bond Buyer – Dallas, TX (August 15, 2000) by Darrell Preston Kirkpatrick Pettis’ Denver office is establishing an electronic underwriting presence in an effort to give Colorado issuers – that traditionally favor negotiated deals – another format for doing competitive bond sales. The Omaha-based firm, which launched its electronic commerce effort this summer… Read more »
Categories: Auctions