The US platform is seeking to increase transparency and accessibility as well as putting structured products on a level playing field with other investment vehicles.

US multi-issuer structured products and annuities platform Luma Financial Technologies has partnered with the Nasdaq Fund Network to assign standardised identifiers to structured products. By assigning identifiers to structured products for the first time, Luma and the Nasdaq Fund Network are putting structured products into the same category as stocks, ETFs and mutual funds. The new identifiers, which will resemble the mutual fund symbology will assign structured products seven characters. O

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