Capital Markets Still Functioning

September 12, 2001

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

MuniAuction Hosts First Internet Auction of a Tax-Exempt Interest Rate Swap

February 5, 2001

Pittsburgh, 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,,… Read more »

Categories: Auctions

MuniComp Gains Market Support

January 18, 2001

Pittsburgh, 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, ( 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