IFSL, launched by BNP Paribas in February 2008, draws on the experience of BNP to act as an Authorised Corporate Director providing fund hosting services to its clients.
Sue Price, Head of Fund Hosting at BNP Paribas Securities Services commented:
"BNP Paribas is committed to supporting straight through processing and automation across the industry. I am delighted that the IFSL fund range is now available on the EMX Message System, enabling orders to be received and acknowledged electronically"
Max Wright, CEO of EMXCo said:
âIt is great to see existing clients bringing other parts of their business on to the EMX Message System. With this continued support from existing clients and the fantastic rate of new joiners we are seeing, EMXCo can continue to go from strength to strength.â
The EMX Message System is the market infrastructure of choice for funds messaging and in June 2008 routed over 1.9 million messages equating to over â¬5.2 billion in funds flow.