The Municipal Securities Rulemaking Board plans to discuss the development of its proposed centralized repository - EMMA, or Electronic Municipal Market Access - at its board meeting in Boston today and tomorrow, MSRB executive director Lynnette Hotchkiss said this week.

The meeting comes after the board launched an EMMA pilot Monday, the first of four phases of the free, centralized online portal that will be the muni market equivalent of the Securities and Exchange Commission's Edgar system and eventually provide market participants with real-time disclosure and price information on municipal securities. The voluntary pilot portal will pool and make available the vast trove of documents and data from the board's Municipal Securities Information Library and Real-Time Transaction Reporting System.

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