Nasdaq launches Nasdaq Fund Network 29 March 2018New York Reporter: Jenna Lomax
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Nasdaq (NDAQ) has expanded and relaunched its Mutual Fund Quotation Service (MFQS) as Nasdaq Fund Network (NFN).
According to ADAQ, NFN is a global investment product information service bringing greater efficiency and transparency to the world's financial markets.
NFN capabilities provide daily access to valuations for listed financial instruments, including mutual funds, money market funds, unit investment trusts, annuities, separately managed accounts, unified managed accounts, collective investment trusts, alternative investments, and structured products that are listed with Nasdaq.
MFQS was limited to mutual fund and money market fund listings after it was first launched in 1984.
The NFN service now extends beyond US mutual funds to include investment products both domestically and abroad.
Bill Miller, president and CEO of CCO Capital, LLC, the dealer-manager subsidiary of CIM Group, said: "We believe that all market participants are better served by access to information, and as a client and an alternative asset operator, the relaunch of NFN is a welcome event.”
He added: “We worked closely with Nasdaq in 2011 to create and formalise its platform for non-listed alternative investment products, which provided increased transparency to the market."
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