The Ever-Rising Municipal Bond Market’s Technological Tide

When describing the municipal bond market, the first adjectives are usually “staid” or “stodgy”. The terms “data-driven” or “technologically cutting edge” are not usually the first prefaces attached.

That’s unfortunate—and increasingly inaccurate. Technological tides have risen steadily in this market, particularly in investing and money management, from digitized financial data to algorithmic trading. Now they are sweeping through.