|
Collective Investments
< Previous Next >
re: FIX for Mutual Funds Status
Dwight Arthur / Depository Trust & Clearing Corporation
24 May 2000 10:26AM ETI'm pleased to announce that documentation pertaining to EMX's implementation of Mutual Fund transaction messages is now posted on the FIX Mutual Fund Working Group's web page. With any luck, the following link will bring you to it:
http://www.fixprotocol.org/cgi-bin/rbox/Workgroup.cgi?id=951993568&menu=951993568#archive
I still have requests to several other groups hoping to receive documentation on their current or proposed Mutual Fund messaging - watch this spot for further developments.
Here is a message from Caroline Lee, CEO of EMX:
>You can post our material anywhere - it is
>openly available to all.
>
>We would like to become a bit more involved in
>the Mutual Funds Working Group, if that is
>possible.
>
>We go live with the system in three weeks time,
>on 12 June, and will have more time then.
>
>I think that it would be useful if I gave you an
>update on where we are. With regard to our
>standards, we published them first for
>consultation last September. They have been
>sent out market wide for comment and we received
>back approximately 40 responses on them and
>changed them in October as a result. We have
>also produced a "market norms" document which
>again has been reviewed by the whole market.
>Any changes to the documentation are made
>through committees comprising all parts of the
>market.
>
>We have approximately 50 product providers (over
>70% FUM) signed up for EMX and 134 firms in
>total. We are receiving daily enquiries from
>firms who wish to join.
>
>The standards have been devised to cater for all
>possible types of intermediary, not just IFAs
>but also custodians, stockbrokers and fund
>supermarkets.
>
>The standards have been devised to cover the all
>types of UK product.
>
>Kind Regards
>Caroline Lee
>CEO EMX Co
The documentation is posted as a ZIP file which contains a collection of DOC files. If you have or know of equivalent types of documentation for other Mutual Fund messaging schemes please contact me.
Dwight Arthur
Chair, FIX Mutual Funds Working Group
Depository Trust & Clearing Corporation
darthur@dtcc.com
+1 (212) 412-8687
re: FIX for Mutual Funds Status
Dwight Arthur / Depository Trust & Clearing Corporation 24 May 2000 10:26AM ET
|
