WM Datenservice Introduces Fund Data Product

FRANKFURT-Financial information provider WM Datenservice has introduced a fund processing passport product, FPP, providing fund data, into its Fund Reporting Service package, FRP, Inside Reference Data has learned.

FPP, which went live in October and is currently used by one financial institution, will improve data quality and simplify fund trading, particularly in terms of cross-border transactions and third-party sales, according to Frank Träxler, international sales manager, international bus

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