EMXCo has announced that the second week of August was their best ever for order volumes.
This continued growth looks set to continue with Merrill Lynch and Franklin Templeton adding their offshore funds and F & C, Prudential Unit Trusts and AVIVA all joining recently. Having added their first Hedge Fund Managers through their Luxembourg Team and with plans well advanced to enter the DC Pensions Market, Tony Wood, head of Sales & Marketing at EMXCo, said “We are delighted to see our growth continuing through what is traditionally the industry’s slower holiday period. It shows our strategy of consolidating our position as the market standard whilst looking to extend our product application and geographical reach is working and we have the capital and ambition to deliver.”
EMXCo is a technology company that provides an electronic messaging solution for automating the purchase, sale, valuation and settlement of unitized funds.
The EMX Message System, a European funds messaging platform was launched in June 2000 and now routes 650,000 messages and €1.8bn of orders a month.