Invesco Perpetual rolls out Mutual Fund Technologies EMX STP software
13 December 2004 | 1948 views | 0
Source: Invesco Perpetual
INVESCO PERPETUAL announced today that it has implemented Mutual Fund Technologies' (MFT's) new straight-through-processing (STP) solution which provides automated links between MFT's GFAS system and EMX.
The EMX solution, part of MFT's Message Exchange product, enables INVESCO PERPETUAL to deliver and receive straight-through-processing of ICVC deals and valuations, and EMX Electronic Contract Notes (ECNI) from UK independent financial advisers, consolidators and third party administrators.
Bill Chilvers, project manager at INVESCO PERPETUAL said: "EMX currently accounts for a significant proportion of our UK retail dealing volumes, all of these transactions will now be fully automated. This strategic initiative further perpetuates the strength of the INVESCO PERPETUAL brand and sustains our position as one of the leading asset managers on EMX."
David White, marketing director at MFT, commented: "We are delighted that INVESCO has implemented our EMX STP solution. This is a logical step forward for us and INVESCO in the continuing development of our STP capabilities. Adding EMX to the Message Exchange, which already supports Vestima, Fundsettle (via SWIFT) and over 75 direct distributors across Europe and Asia, makes our product one of the most comprehensive available."