ICD Entering Canadian Market
A press release sent out yesterday (not yet available online) says, "Institutional Cash Distributors (ICD), the world's largest independent portal distributor, which services more than $55 billion in assets traded through its platform, announced today that it has expanded its distribution and sales coverage outside the United States, Europe and Asia, into Canada. The effort in Canada is being lead by Jim Etten, a 14-year veteran of the cash investment business, with a decade of experience working with Canadian corporations." The release continues, "Global corporate treasury departments are readily adopting electronic trading portals to efficiently place their core and operating cash. Canadian corporations are some of North America's most profitable and dynamic companies, and they are increasingly looking for the same short-term investment services and products that U.S. and European-based corporations have been utilizing through ICD for over eight years. ICD is the only registered independent portal distributor in Canada, which allows the firm to conduct business in major Canadian cities, including Toronto, Calgary, Montreal and Vancouver, operating under an international dealer license." Etten says, "Canadian corporations have been early adopters of many of the best technology practices in treasury, and using a web-based portal to effectively consolidate their investment needs follows that trend." Jeff Jellison, CEO of ICD North America, adds, "ICD is a global firm with a large international sales force and client base, and we are excited to move forward with our expansion into the Canadian market. With North American corporations increasingly holding more and more cash on their balance sheets, our independent global trading and service platform continues to be the choice for many of the world’s Fortune 1000 companies, and we are fully committed to supporting the Canadian market."
