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UBS, Credit Suisse, Julius Baer and fundinfo launch “openfunds”!
June 28, 2016 |
Company | Businesspartner | etfinfo | Front | News | Platform |
A major milestone has been reached! After two years of intensive collaboration, two dozen financial institutions led by UBS, Credit Suisse and Julius Baer together with fundinfo AG have agreed on publishing the openfunds standard, version 1.0. This free, open-standard simplifies the dissemination of static fund data through the consistent characterisation of investment fund attributes.
The non-profit initiative has defined openfunds as an efficient, cost-free and extendible standard which characterises typically used investment fund attributes, a list that today approaches 200 identifiers.
Win-Win-Situation for all participants. The openfunds standard benefits all stakeholders because fund data is transmitted more efficiently, quickly and accurately. More than 400 leading fund providers have already agreed to adopt the openfunds standard.