Nasdaq has expanded its Mutual Fund Quotation Service (MFQS) and relaunched it as Nasdaq Fund Network (NFN), its global investment product information service.
Bjorn Sibbern, EVP and Head of Nasdaq’s Global Information Services, commented: “Nasdaq has been providing market transparency to mutual funds and money market funds more for than 30 years through MFQS. The launch of Nasdaq Fund Network is a great step forward to serve our clients with better market transparency, which is the cornerstone of fair and open markets. Nasdaq Fund Network will make financial markets more inclusive and less opaque for the world’s growing investing community.”
MFQS was first launched in 1984 and was limited to only mutual fund and money market fund listings. It was a groundbreaking innovation as, prior to its creation, investors struggled to find relevant, accurate and reliable pricing data on funds.
“Shareholders of Cole Income NAV, the first daily-traded REIT that qualified for a Nasdaq ticker symbol and the first to be listed in the Alternative Investment Product category, have been able to efficiently access daily pricing information, and they will continue to obtain accurate data on the expanded Nasdaq Fund Network”, Miller added.
