SVM Asset Management Ltd is the latest provider to join the EMX Message System going live on 18 February 2008 with BNP Paribas Fund Services UK Limited as their administrator.
“The efficiency and cost saving benefits that Straight Through Processing brings are clear and joining the EMX Message System will enable us to continue to provide our clients with a first class service,” says Mark Noble, head of Retail Sales & Marketing, SVM Asset Management.
“We have seen an increasing number of new joiners and SVM Asset Management is the eighth joiner so far this year. I am pleased to welcome them on board,” adds Max Wright, CEO, EMXCo.
The EMX Message System is the market infrastructure of choice for funds messaging and in 2007 routed over 19.2 million messages equating to over 65 billion in funds flow.