EMXco has FSA authorisation to go live on 12 June with the first tranche of product providers and in...
EMXco has FSA authorisation to go live on 12 June with the first tranche of product providers and intermediaries who trialled the online trading and valuation system throughout May. The FSA gave approval to EMXco last week, six months after the company initially applied. Caroline Lee, chief executive of EMXco, said 77 groups, consisting of 34 product providers and 43 UK-based intermediaries, took part in the May trials and were expected to start using the product from its June launch date. "The 34 product providers going live on 12 June represent 57% by value of the investment funds und...
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