Grant Street Group Exceeds $5 Trillion in Auction Volume

November 4, 2004

Pittsburgh, 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, 2004

Pittsburgh, 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, 2004

Pittsburgh, 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

Miami-Dade and 3 Other Florida Counties Use Grant Street Group’s New LienAuction Service to Sell over 60,000 Tax Certificates

June 22, 2004

Pittsburgh, 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 | Innovation | Revenue Collection

Woodbury County, Iowa uses GFOA YieldAdvantage

March 30, 2004

Pittsburgh, PA (March 30, 2004) — Woodbury County, Iowa solicited $401,000 in CDs 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 able to solicit bids easily and… Read more »

Categories: Auctions

Cook County, Illinois uses GFOA YieldAdvantage

February 5, 2004

Pittsburgh, PA (February 5, 2004) — Using an online auction platform for the first time, Cook County earned significantly better yields on the investment of its bond proceeds than it has in the past. The County placed $100 million in investments using GFOA YieldAdvantage, a new Internet auction website offered by the Government Finance Officers… Read more »

Categories: Auctions

Government Finance Officers Association Teams with Grant Street Group to Bring Money Market Investment Platform to Public Sector

December 4, 2003

Pittsburgh, PA (December 4, 2003) — The Government Finance Officers Association (GFOA) today announced an alliance with Grant Street Group, a fixed income Internet auction house, to create GFOA YieldAdvantage , a real-time electronic marketplace for governments to invest their cash holdings. Historically, governments have sought several quotes from local banks before investing their cash…. Read more »

Categories: Auctions

Grant Street Group Develops Auction Agent Website For Wachovia

October 9, 2003

Pittsburgh, PA (October 9, 2003)— Wachovia Corporate Trust, part of Wachovia Corporate and Institutional Trust, announced today the launch of Wachovia Auction Direct. The new system provides full-service auction agent capabilities for issuers and broker-dealers by allowing accurate and efficient online bidding of auction rate securities. “Enhancing our auction agent services demonstrates our commitment to… Read more »

Categories: Auctions