Selestia has improved its communication abilities and fund dealing capacity by being the latest addition to the EMX Message System, a funds messaging platform.
The system, launched in June 2000, helps to automate the purchase, sale, valuation and settlement of unitised funds, and it will be available across Selestia’s range of investments including: Collective investment account, ISAs, Pep and Isa transfers, Onshore bonds Offshore bonds, and Its collective retirement account EMX says the system, which processes around one million messages a month, provides a cheaper, faster and safer alternative to paper-based, phone or fax processing, by offering straight through processing delivered by one set of data. As a result, it says it not...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
