INVESCO PERPETUAL has implemented Mutual Fund Technologies’ (MFT’s) new STP solution which provides automated links between MFT’s GFAS system and EMX.
The EMX solution, part of MFT’s Message Exchange product, enables INVESCO PERPETUAL to deliver and receive STP of ICVC deals and valuations and EMX Electronic Contract Notes (ECNI) from UK Independent Financial Advisers, Consolidators and Third Party Administrators.
INVESCO PERPETUAL also announced it would align its hours of service for EMX deals to the standard, opening every business day from 08.00 – 18.00.
“EMX currently accounts for a significant proportion of our UK retail dealing volumes, all of these transactions will now be fully automated,” Bill Chilvers, Project Manager at INVESCO PERPETUAL said. “This strategic initiative further perpetuates the strength of the INVESCO PERPETUAL brand and sustains our position as one of the leading asset managers on EMX”.