Markit Debuts 'Enhanced' iNAV Service
Markit will calculate prices for over 5,100 global ETPs every 15 seconds, and will distribute the data to major stock exchanges and market data platforms for use by investors as a reference value to compare the tradable price against an evaluated fair value.
In a statement, Mark Schaedel, managing director and head of data services at Markit, says iNAV will help issuers provide greater pricing transparency amid increased regulatory scrutiny of ETPs.
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