Nasdaq Price System May Take Years for Structured Note Progress
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Nasdaq OMX Group Inc. said it may take years for its Mutual Fund Quotation Service to make “measureable progress” in getting banks to list daily values for their structured notes.
Nasdaq, the second-largest operator of U.S. stock exchanges, hasn’t added any U.S. structured notes more than a month after announcing that the securities were eligible for listing, according to a review of its website. Aside from mutual funds, the service publishes pricing information on assets such as real estate investment trusts.