The primary municipal bond market may have ground to a virtual halt, but yesterday marked the startup of the New Issue Information Dissemination System, which is designed to improve the accuracy and timeliness of information about new municipal securities issues that is disseminated to market participants.

A slower market could give muni dealers more time to adjust to the new system, Justin Pica, the Municipal Securities Rulemaking Board's uniform practice and policy adviser, said in a brief interview.

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