25 February 2018
visit www.ebaday.com

Australian Stock Exchange builds FundConnect on IWL software base

27 May 2002  |  2007 views  |  0 Australian Stock Exchange builds FundConnect on IWL software base

Australian Stock Exchange Limited (ASX) has signed an agreement to use IWL's FundLink software as the core technology for its unlisted managed funds transaction processing service, ASX FundConnect, due to be rolled out in early 2003.

Under the heads of agreement, IWL will assist ASX to assess FundLink's fit with ASX FundConnect's business requirements. The two parties intend finalising the terms of the commercial agreement and implementation project plan over the next two months.

IWL's FundLink software will eliminate the need for the exchange to build the core functionality of the FundConnect service in its entirety, says ASX. IWL will also facilitate connectivity to ASX FundConnect through its existing financial planning software applications.

Chris Hamilton, ASX's executive general manager clearing and settlement, explains: "The alliance with IWL offers the opportunity for fast tracking the development of ASX FundConnect. IWL's FundLink software will provide an important component of our service proposal, and will help us deliver ASX FundConnect to our customers in a timely and cost effective manner."

Connectivity options to ASX FundConnect will be made available to the industry at large simultaneously with their release to IWL and where possible, will utilise established industry and vendor protocols, notes the exchange.

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

OM and Sanford in Australian clearing pact

OM and Sanford in Australian clearing pact

20 May 2002  |  2470 views  |  0 comments
Australian trade body sets standard for electronic banking

Australian trade body sets standard for electronic banking

15 April 2002  |  2312 views  |  0 comments
ANZ increases stake in E*Trade Australia

ANZ increases stake in E*Trade Australia

05 April 2002  |  3427 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comRegister for the webinarvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12666 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10829 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9330 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8690 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8634 views comments | 11 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job