Clarksville, TN, uses GFOA YieldAdvantage
February 3, 2005Pittsburgh, PA (February 3, 2005) — The City of Clarksville, Tennessee placed a $500,000 investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are able to solicit… Read more »
Categories: Auctions
Brookings, South Dakota, uses GFOA YieldAdvantage
February 1, 2005Pittsburgh, PA (February 1, 2005) — The City of Brookings, SD placed a $400,000 investment using GFOA YieldAdvantage, a new Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are able to… Read more »
Categories: Auctions
Technology Is the Ultimate Solution to GIC Bid Rigging
January 25, 2005The Bond Buyer– Letter to the Editor January 25, 2005 GIC bid rigging in the municipal market is no revelation. With huge sums of money involved and an archaic system of phone or fax bids, is it any wonder that the integrity of the bidding process is consistently undermined? It is incumbent on issuers and… Read more »
Categories: Auctions
Springfield Public Schools No. 19, OR, uses GFOA YieldAdvantage
November 9, 2004Pittsburgh, PA (November 9, 2004) — Springfield Public Schools No. 19, Oregon placed a $500,000 investment using GFOA YieldAdvantage, a new Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are able… Read more »
Categories: Auctions
Grant Street Group Exceeds $5 Trillion in Auction Volume
November 4, 2004Pittsburgh, PA (November 4, 2004) — Grant Street Group, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues, today announced that its auction websites exceeded $5 trillion in total volume. Since hosting the first auction in November 1997 for the City of Pittsburgh, Grant Street Group has diversified into designing, developing and licensing… Read more »
Categories: Auctions
BidOhio Website Celebrates 5 Year Anniversary
October 5, 2004Pittsburgh, PA (October 5, 2004) — Today’s $42.5 Million CD auction marks the 5 year anniversary of the www.BidOhio.comwebsite. The site has auctioned off over $2.5 Billion in 6-month CDs for the Ohio Treasury and was the first of its kind when introduced in October of 1999. It has received recognition from, the Government Finance… Read more »
Categories: Auctions
The City of Walterboro, SC uses GFOA YieldAdvantage
September 9, 2004Pittsburgh, PA (September 9, 2004) — The City of Walterboro, South Carolina solicited a $250,000 6 month CD using GFOA YieldAdvantage , a new Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are… Read more »
Categories: Auctions
Texas Chooses Grant Street Group to Host its $7 Billion Competitive Note Sale Website
July 8, 2004Pittsburgh, PA (July 8, 2004)— Grant Street Group today announced that the Comptroller of Public Accounts for the State of Texas, Carole Keeton Strayhorn, selected Grant Street to create and maintain a new website that the Comptroller will use to auction $7 billion of tax and revenue anticipation notes (TRANs) in August and annually thereafter…. Read more »
Categories: Auctions
Miami-Dade and 3 Other Florida Counties Use Grant Street Group’s New LienAuction Service to Sell over 60,000 Tax Certificates
June 22, 2004Pittsburgh, PA (June 22, 2004) — During the course of two weeks — from May 19 to June 4 — four Florida counties concluded the country’s first Internet auctions of delinquent tax certificates. Orange, Okaloosa, Volusia, and Miami-Dade Counties each held Internet auctions — ranging from one day for Okaloosa County to four days for… Read more »
Categories: Auctions | Revenue Collection
Grant Street Group Develops Auction Agent Website For Wells Fargo Corporate Trust Services
May 3, 2004Wells Fargo Online AuctionsSM will complement core bond trustee services Pittsburgh, PA (May 3, 2004) — Wells Fargo Bank, N.A. today announced the introduction of its new Auction Agent Services, featuring a new online auction site, Wells Fargo Online AuctionsSM. The new Website, developed by Wells Fargo in conjunction with Grant Street Group, is located… Read more »
Categories: Auctions