Corporations still turn to securities dealers for most of their liquid investments, but increasingly they are tapping banks and mutual fund companies, a study shows.

In the 12 months through June 30, securities dealers had 63% of the corporate market for short-term investments, such as commercial paper and money market funds, according to the study by Treasury Strategies, Chicago. But that was down from 70% a year earlier.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.