What is it?

M.fund Exchange allows electronic trading between wholesale managed fund industry participants.

The core technology of M.fund Exchange acts as a sophisticated message router and validator between the sender and receiver of m.fund orders.

Senders and receivers can access M.fund Exchange by industry standard messages, or a web-enabled interface.

The receiver (fund manager) web interface includes business rules to validate and streamline processing for orders received via m.fund exchange, including basic edit checks, pre-population of unit price, and automated confirmation messages. Order files can also be downloaded from the web to further streamline processes.

Through M.fund Exchange, the benefits of electronic trading are available right now.

The benefits of M.fund Exchange include:

Improved service levels

Wholesale investors utilise a variety of managed funds across the range of professional fund managers. Without a standard exchange, investors and administrators transact with the manager individually, and must adopt multiple business rules, operational relationships and access methods. M.fund Exchange delivers the efficiency of standardised single-point electronic communication. Reduced error rates and faster response to enquiries improves service levels to all stakeholder, including end investors.

Speed and process transparency

Use of standard messages and automation means that transaction turnaround times are improved. The status of orders is also tracked through M.fund Exchange to provide certainty of when messages were sent and received.

Scalability

Current manual methods for trading and confirmation are not scalable. Most m.fund participants are concerned about the impact on efficiency as volumes grow. M.fund Exchange provides the method of automating the order process end-to-end, and thereby building in a scalable business model.

Security

Robust electronic messaging has fraud prevention and error reduction advantages compared to most manual instruction methods. The M.fund Exchange architecture supports authentication, non-repudiation, integrity, privacy and tracking – all key elements of security.

Ease of use

Connection is available through a range of communications options, including dedicated frame relay and VPN Internet tunnelling. Web-enabled solutions are also available for participants that do not wish to adopt fully integrated solutions. Comprehensive documentation and implementation is provided.

Standards

M.fund Exchange incorporates the use of Australian m.fund message standards, and is based on open architecture XML messaging technology. Mapping to ISO 20022 is also supported. The use of standards not only facilitates systems integration in the short term, but also protects the investment in straight-through processing by aligning to global trends.


back to top .


 
 
Privacy  Disclaimer  Copyright