20 October 2017
Find out more

Investec Asset Management signs up to EMXCo platform

10 November 2003  |  6907 views  |  0 Investec Asset Management signs up to EMXCo platform

Investec Asset Management has signed up to use EMXCo's EMX Message System, a straight-through processing (STP) system for electronic orders and valuations of UK mutual funds.

EMXCo says its EMX Message System routed over 91,000 messages in September and now moves one in five of all UK mutual fund transactions. The platform is also being extended into cross-border markets.

Max Wright, chief executive of EMXCo, says by deploying the platform, Investec will see the reduced costs and increased efficiencies which come from automating the mutual fund process. The firm will also benefit from a new settlement function, to be released shortly.

David Aird, joint managing director, Investec Fund Managers, says: "We continue to manage our business with the aim of controlling costs and delivering superior service and market leading fund performance. In our pursuit of cost efficiencies we are keen to work with organisations, such as EMXCo."

The link up will go live for business in the first quarter of 2004.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

LogicaCMG goes live as host of EMXCo platform

LogicaCMG goes live as host of EMXCo platform

05 September 2003  |  4004 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister nowvisit www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15879 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8992 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8104 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7172 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6312 views comments | 6 tweets | 3 linkedin

Featured job

circa £250K total package

Find your next job