MFT implements EMX message system

Source: Mutual Fund Technologies

Mutual Fund Technologies (MFT), the specialist transfer agency software, services and consulting company has now incorporated the capability to process offshore funds via the EMX Message System, within the range of Straight Through Processing (STP) services it has available.

By adding the capability to process offshore funds via EMX on MFT's STP platform, it is now possible for distributors and asset managers to automate the order placement and confirmation of offshore funds, provide client and account registration, as well as the ability to handle valuation requests at fund holding level (detailing units, fund price and value).

Today, MFT has over 100 distributors live on their STP platform, who combined have processed over $750 billion worth of trades; and with MFT's EMX message volumes peaking at 30,000 messages a month, it is envisaged that with the addition of offshore trading, volumes are set to continue to grow strongly as the facility becomes more widely used by MFT's global customer base.

David White, Executive Director, MFT commented, "This newest enhancement to our core service is another step forward for our customers with offshore and global aspirations. It enables them to further boost automation and speed up processing, whilst driving competitive advantage in cross border distribution".

Max Wright, CEO, EMXCo said, "We are delighted that MFT has developed this capability, which supports our aim to extend the global reach of the EMX Message System, and can only help to consolidate our position as the market's funds messaging system of choice".

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