A consortium of financial services and IT companies is about to launch a free set of open standards t...
A consortium of financial services and IT companies is about to launch a free set of open standards to facilitate the automation of global online investment fund trading. The consortium, headed by Cap Gemini and including III and Assureweb, has produced a set of protocols designed to allow the straight-through processing of investment fund transactions, including buying, redemption, switching and getting account information. If the scheme takes off, it will mean that link-ups between distributors - especially online distributors - financial portals, fund supermarket sites and fund administ...
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