Nasdaq to Quote Structured Note Prices as SEC Urges Transparency
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U.S. investors will be able to shop for structured-note deals for the first time in the $40-billion-a-year market as Nasdaq OMX Group Inc. is set to publish daily values of the securities.
The Mutual Fund Quotation Service, which lists so-called indicative prices of investments from real estate investment trusts to college savings programs known as 529 plans, would make the figures available, Jeff Kimsey, a Nasdaq vice president of U.S. product management in Rockville, Maryland, said in a telephone interview. The note values, which would be estimates and perhaps not guaranteed for trades, will probably be set once a day by banks, he said.