Selestia has joined the EMX Message System. It will use the UK mutual fund order-routing messaging system for ISAs, PEP and ISA transfers and onshore and offshore bonds as well as investments into the Selestia Collective Retirement Account.
“EMXCo has a robust reputation in the market and is a vital component for effective communication between platforms and fund managers, and this is the next major step in realizing the benefits of technology,” says Bill Vasilieff, Marketing Director at Selestia.
Tony Wood, Head of Sales and Marketing at EMXCo says that it is the cost savings and efficiencies which have persuaded all the major UK fund supermarkets to join EMXCo.
The EMX Message System currently routes over 1 million messages a month and around €169 million of orders each working day.