From the 3rd July, Legal and General (Unit Trust Managers) Ltd has made its full range of funds available on the EMX Message System.
L & G, who have been running for over 170 years, previously had a number of their funds available on the EMX Message System. With the extension of their fund range on the system, participants will be able to place orders in any L & G fund via the EMX Message System.
Ben Waterhouse, Sales Director of Legal & General said: 'I am really pleased to be working with EMXCo. They have a strong reputation in the market for delivering a high quality, efficient service for their client base. L&G can see the clear benefits in the EMX Message System and I am pleased we are now able to bring all of L&G's funds on board. We are always focusing on innovation and by adding additional funds to the EMX Message System we can further reduce costs and continue to provide the best service to our customers.'
Yannic Weber, CEO of EMXCo said: 'It is great to see significant market players like L & G enjoying the benefits of automation via the EMX Message System. We are very pleased that L&G have made the decision to use the EMX Message System for their full fund range.'
In the first half of 2009, EMXCo have increased the message flow through the system by over 24% compared to the same period in 2008.