Rathbone Investment Management Ltd is the latest EMXCo participant to sign up for settlement via the EMX Message System.
In doing so, Rathbones, who joined the EMX Message System in April 2001, will benefit from true straight through processing for the complete life cycle of a trade from automated order through to settlement.
Paul Chavasse, COO of Rathbones said: 'Signing up to Euroclear UK & Ireland funds settlement was an easy decision for us as the benefits are clear. By integrating order routing and settlement we can reduce the time it takes to settle trades. This will deliver the efficiency to the industry that that we have been asking for.'
Yannic Weber, CEO of EMXCo said: 'It is wonderful to see the support we are getting from our clients for settlement. They have been instrumental in helping us design the solution they need and their support will be the driving force behind adoption. We are delighted that leading players like Rathbones are keen to use the market infrastructure we are delivering as part of our Euroclear Funds Strategy.'