Cavendish Asset Management Ltd has joined the EMX Message System as a provider and went live in December 2007.
“Joining the EMX Message System is an exciting development in our plans to further automate our in-house processes, therefore improving the level of efficiency and cost savings that we are able to offer our clients,” says Tim Roberts, fund and marketing manager, Cavendish.
“We saw a large number of new joiners during 2007 and I am delighted to welcome Cavendish on board the EMX Message System.Our aim is, and always has been; to be the standard around which the European funds industry automates and we are now acknowledged as the market infrastructure of choice for funds messaging ,” adds Max Wright, CEO, EMXCo.
Throughout 2007, there were 63 new joiners on the EMX Message System with more participants due to sign up in 2008. In December 2007 the EMX Message System routed over 1,500,000 messages equating to over 5.8 billion in fund flow.
The EMX Message System, a European funds messaging platform, was launched in June 2000 and routed over 19.2 million messages in 2007.