MFT’s Message Exchange, a straight through processing mutual fund dealing system, has processed its millionth SWIFT message in the five years since the system was launched in 2002.
MFT’s Message Exchange has more than 100 distributors live on the system, who, in total, have processed $400bn worth of trades. MFT has achieved considerable success with its straight through processing initiatives that now include support for EMX, Vestima+ and FundSettle, as well as direct SWIFT XML and FIN connectivity.
“This news clearly demonstrates that manufacturers, distributors and platforms are increasingly focused on using STP for their business processing,” says David White, client services director at MFT.