(December 21 – 16:50 ET) – The Primary Dealer Money Market Committee of the Investment Dealers Association has established an eCommerce sub-committee.

The IDA’s new eCommerce sub-committee will examine issues related to electronic communication between issuers and the dealer community regarding short-term debt securities. The sub-committee will report on its findings to the Money Market Committee, which is comprised of IDA member firms active in domestic money markets.

The IDA says it recognizes the inevitable growth and impact of eCommerce platforms for communication between issuers and dealers on market efficiency and liquidity during the bidding process under debt instrument programs. The sub-committee was formed to address specific issues to eCommerce issuance and distribution.

The first initiative of the new sub-committee will be to develop standardized procedures that safeguard the integrity of member firms using electronic communications when participating as underwriters in offerings of short-term debt programs.
-IE Staff