Glossary of Municipal Securities Terms

NEW ISSUE INFORMATION DISSEMINATION SYSTEM (NIIDS)

An automated system operated by DTCC that receives new issue information from an underwriter within two hours after the formal award and immediately disseminates the information to industry participants and information vendors to assist industry participants to report and process trades in new issue securities in an efficient and timely manner. See: DEPOSITORY TRUST AND CLEARING CORPORATION (DTCC).

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