EMXCo, the UK and Luxembourg mutual fund order routing network, has introduced a new set of messages that allow users to re-register holdings automatically.
This is another great example of us working with our participants to deliver functionality that automates existing manual processes,” says Tony Wood, Head of Sales and Marketing at EMXCo. “Alongside our order and valuations messages it further consolidates our position as the de facto market standard. Our users will soon see the same benefits they already see with our other messages one standard for a faster, cheaper, easier and safer alternative to manual processing.”
The EMX Message System currently routes over 1 million messages a month and around 167 million of orders each working day.