Data management firm Kneip has teamed up with exchange group Nasdaq for a project designed to make it easier for fund managers to access pricing data.
The partnership will see Luxembourg-based Kneip register European funds on the Nasdaq Fund Network (NFN) as its exclusive fund administration partner. Kneip’s market share accounts for 40% of European Ucits funds
When asset managers register their funds on the network they are given a unique five character NFN identifier and become searchable on the distribution channels of the Nasdaq network.
The NFN concept has been operating in the US for some time but is relatively new to Europe. According to both firms, this partnership between Kneip and Nasdaq will provide greater transparency and accessibility of investment products in Europe.
“We believe all market participants are better served by access to information,” said Oliver Albers, senior vice president, investment intelligence, Nasdaq.
“Through NFN, Nasdaq helps provide the framework to a wide range of investment products more accessible to the general investing public.”