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The culmination of many months of consultation and work with major transfer agents, asset managers and distributors
Fundsquare, the newly-created subsidiary of the Luxembourg Stock Exchange, has announced that it will be operational on 1 July 2013. Fundsquare will operate as a market infrastructure for investment funds. Its objective is to offer streamlined fund distribution processes for various actors in the fund industry and to provide solutions to the mounting cost pressures associated with stronger regulation and a tough economic climate. From 1 July, as part of an initial phase, the company will begin with services for order management and fund information. Fundsquare intends to facilitate order placement and exchange of fund information whatever the...
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