Cofunds, a U.K. financial services platform, is linking to Euroclear’s EMX Message System for further electronic fund transaction order routing, enabling Cofunds to reach 95% straight-through processing with fund managers.
In addition to the ability to route aggregated orders through the Cofunds link with EMX, the Cofunds platform offers its clients automation throughout the full fund transaction life cycle.
“The wide scope of our service enables Cofunds to route their orders in an electronic way to an additional 25 fund issuers where previously they relied on less automated channels,” said Chief Executive Officer of Euroclear U.K & Ireland John Trundle.
The EMX Message System is fully integrated within the post-trade infrastructure of Euroclear U.K. & Ireland, where platform clients and other trade originators can choose from a comprehensive portfolio of order routing, settlement and custody services. Fund orders from institutional firms, or IPAs for retail market business, can also be routed from fund platforms to Euroclear U.K. & Ireland’s EMX Message System, which interfaces electronically with transfer agents and the fund managers they service.
Cofunds Routing Orders Through Euroclear’s EMX
Cofunds, a U.K. financial services platform, is linking to Euroclear’s EMX Message System for further electronic fund transaction order routing, enabling Cofunds to reach 95% straight-through processing with fund managers.
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