Crane Data Online MM Portal Survey Estimates Market at $230 Billion.
Money Fund Intelligence recently surveyed its readership of
money market mutual fund managers and marketers, and money market issuers, servicers and investors on the topic of
online money market trading portals. The preliminary results will be presented at today'
s 4pm
New York Cash Exchange in a session entitled, "
Cash Supermarket Shopping: Comparing Online Money Market Trading Portals".
Survey respondents estimate that 16%, or $230 billion, of institutional money market fund assets are distributed via "portals" and that
BNY's MoneyFundsDirect,
Mellon LMS and
SunGard STN are the
three largest players.
Peter Crane will host a discussion featuring portal experts
Marianne Bamonte from
LaSalle MoneyMarkets Express,
Paul Rice from
Treasury Curve, and
Elyse Wiener from
Citibank Online Investments. The full survey results will be featured in upcoming June issue of
Money Fund Intelligence.