Neptune Investment Management has joined the EMX Message System, an has gone live with a FIX connection.
“Joining the EMX Message System is an important development for Neptune,” says Patrick Berton, the Sales Director of Neptune. “The efficiency and cost saving benefits associated with Straight Through Processing are obvious and joining the EMX Message System will help us achieve our goal of delivering our clients outstanding performance in investment management.”
“There has been a huge demand from our participants for Neptune to join the EMX Message System and I am delighted to welcome them on board,” adds Max Wright, the CEO of EMXCo.
In January 2007 the EMX Message System was responsible for routing 1.4 million messages and over 4 billion in funds flow. EMXCo currently have over 3,000 funds from 64 fund managers and around 200 distributors contracted to use the system.