Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

26938

Nasdaq launches Nasdaq Nordic Fund Market in Finland and Norway

RELATED TOPICS​

Nasdaq Broker Services has launched the Nasdaq Nordic Fund Market in Finland and Norway. The service, which has been available in Sweden since 2010, aims to increase the efficiency for fund distributors and fund companies by enabling electronic straight through processing of orders and settlement.

“We have seen an increasing demand in Finland and Norway, and we are happy to be able to expand our Nordic Fund Market offering into these countries,” says Erika Danielsson, Head of Nasdaq Nordic Fund Market. “By leveraging Nasdaq’s knowledge and leading technology and applying it within the mutual fund space, Nordic Fund Market enables fund distributors and companies to be on the fintech frontline, with lower transaction costs and reduced operational risk as results.”  
 
Nordic Fund Market gives fund distributors access to a broad choice of mutual funds through one single interface. As of now, the service covers the Swedish, Finnish and Norwegian market for distributors and local and international fund companies are welcome to register their funds as long their products are registered for sale in the respective countries. There are presently 200 connected fund companies with more than 5,000 mutual funds available on the Nasdaq platform.
 
“An increasing number of countries see a development towards fund markets where end investors are looking to invest in low-risk and non-complex products such as UCITS funds and AIF funds,” says Mattias Hammarqvist (pictured), CEO of Nasdaq Broker Services. “Fund distributors need to be able to offer a wide and independent range of mutual funds, not only their own products, and through Nordic Fund Market, Nasdaq is able to help answer to that demand.”
 
The announcement is the latest step in Nasdaq’s ambition to create a modern, effective and integrated fund market in the Nordic region, based on new and innovative market technology. Last September, Nasdaq announced a joint project together with Nordic financial services group SEB, to test a developed for mutual fund trading platform based on blockchain technology.

Latest News

RQI Investors, an Australian-based active quantitative equities manager and part of the First Sentier Investors..
UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by