Customers can use the data to produce NAVs of Funds of Funds on the same day that the NAV of the underlying fund is struck. In addition to the valuation prices (NAV, Mid, Bid, Ask), Funds Fast can also deliver issue, redemption, cancellation and creation prices as well as a range of additional calculated data for funds domiciled in the UK and Ireland.
SIX Telekurs collects values from over 150 administrators and distributes the data in real time. ln technical terms, Funds Fast allows customers to specify the format of the data files they would like to receive and also enables them to select any other type of reporting on the data they are receiving.
âWe are delighted that our data and product teams can continue to grow the Funds Fast module of the Intraday Pricing Service we offer to customers. We think that continuing to deliver improvements to services is vital in the current climate and the milestone we have reached is evidence of our commitment to customers,â commented Martin Cole, Managing Director of SIX Telekurs UK & Ireland.