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ICD Data Shows No Run on Prime Money Market Funds Last March Comments to SEC on Potential Money Market Fund Reform Measures News provided by Share this article Share this article SAN FRANCISCO, April 22, 2021 /PRNewswire/ Based on trading data from ICD, an independent portal provider of money market funds, the redemption from prime money market funds due to the impacts of COVID-19 in March 2020 was an orderly rotation out of the asset class rather than a run on these investment products, as characterized by the Securities Exchange Commission (SEC). ICD provided trading insights to the SEC s Request for Comment on Potential Money Market Fund Reform Measures in President s Working Group Report (PWG) File No. S7-01-21 earlier this month.

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