About BMA

Who We Are

The Bond Market Association (BMA), formerly known as the Bond Dealers of America, is the Washington, DC-based trade association representing firms active across the U.S. bond markets, including securities dealers, banks, investors, and market infrastructure and technology providers.

Mission

BMA advances policies, market practices, and innovation strengthening fixed income markets, improving market efficiency, and supporting capital formation. Through advocacy, education, collaboration, and industry leadership, BMA helps ensure strong, liquid, and resilient bond markets that serve issuers, investors, and the broader economy.

Guiding Principles

Promote fair, competitive, and efficient U.S. bond markets
Advocate for practical, balanced regulation grounded in cost-benefit analysis
Support innovation, technology, and modern market structure improvements
Advance transparency, investor education, and access to market information
Foster collaboration and information sharing across the fixed income ecosystem
Strengthen the ability of market participants to provide liquidity and raise capital efficiently

BMA Committees

Municipal Fixed Income Committee

The BMA Municipal Bond Committee engages fixed income leadership at BMA member firms to identify priority federal regulatory and legislative issues and works with BMA staff and outside counsel to develop solutions for middle-market dealers. Committee membership is comprised of sales, trading, underwriting and banking leadership at BMA member firms.

2026 Committee Leadership

Mike Allen, FHN Financial – Chair
Kyle James, Piper Sandler – Vice-Chair

If you would like to see the full committee list, please contact Brett Bolton at bbolton@bondmarket.org.

Fixed Income Legal & Compliance Committee

BMA’s Legal & Compliance Committee engages legal and compliance personnel at BMA member firms to identify priority federal regulatory and legislative issues of concern to our membership. The committee works with BMA staff and outside counsel to develop solutions for middle-market dealers and participates in dealer roundtables and conference calls with a focus on continuous enhancements for our cross-product fixed income market presence.

2026 Committee Leadership

Blake Morris, Hilltop Securities – Chair
Scott Casimiri, Raymond James Financial – Vice-Chair

If you would like to see the full committee list, please contact Michael Decker at mdecker@bondmarket.org.

Retail Fixed Income Committee

The BMA Retail Fixed Income Committee engages retail fixed income leadership at BMA member firms to identify priority federal regulatory and legislative issues and works with BMA staff and outside counsel to develop solutions for middle-market dealers. In addition, BMA staff designs roundtables, events, and market practice documents for BMA members to enhance retail market capabilities at member firms.

2026 Committee Leadership

To be Determined

If you would like to see the full committee list, please contact Brett Bolton at bbolton@bondmarket.org.

Taxable Fixed Income Committee

The BMA Taxable Fixed Income Committee engages taxable fixed income leadership at BMA member firms to identify priority federal regulatory and legislative issues and works with BMA staff and outside counsel to develop solutions for middle-market dealers. In addition, BMA staff designs roundtables and events for BMA members to enhance taxable market presence and taxable sales and trading profitability at member firms.

2026 Committee Leadership

Laura Elliot, InspereX – Chair

If you would like to see the full committee list, please contact Brett Bolton at bbolton@bondmarket.org.