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Jose Carlos Oviedo, Head of Data Management at Allfunds, the world’s largest fund distribution network, has joined the board of directors of openfunds. The non-profit openfunds association was founded 2015 by UBS AG, Credit Suisse AG, Bank Julius Bär Co. AG, and FE fundinfo AG with the aim of establishing a common industry standard to improve the exchange and dissemination of fund data.
During recent years the volume, speed and quality of information transmission has increased dramatically in most industries. Static fund data, however, is still transmitted in a very anachronistic, non-standardised manner. The open, extensible and cost-free openfunds standard enables the automated transfer and validation of fund data. openfunds identifiers (OF-ID) constitute the...
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