Source: Macdonald Associates
Kredietbank Luxembourg has gone live on the electronic message exchange EMX.
The EMX connection is implemented via FIX using Macdonald Associates' financial connectivity solution, xConnect. The installation is hosted at Macdonald Associates' site, thereby ensuring that all of the IT maintenance and support are outsourced.
xConnect interfaces to MQ Series on one side and EMX, via FIX, on the other. Orders for funds are thereby routed electronically to the providers.
Adding this market to those supported by xConnect is a significant step forward and enhances the range of product classes supported.