For nearly 50 years, Reich & Tang has been a leading innovator in the deposit and liquidity marketplace. The firm is credited with inventing the first money market fund in 1974. Today, Reich & Tang focuses on providing sophisticated cash management programs, including its flagship Demand Deposit Marketplace® (DDM®) program, which are FDIC-insured deposit solutions (or "sweep" programs) designed to offer safety, liquidity, and yield to clients of financial intermediaries such as banks, trust companies, and broker-dealers.

Founded in

United States