Tuesday November 17 2015
News Source: Global Exchanges
Focus: Other
Type: General
Country: Canada
On 16th November 2015, TMX Group announced that it is expanding its services into a new business area that will extend the efficiencies of equities trading and settlement to the mutual fund industry. The TSX NAVex Platform will facilitate purchases and redemptions of mutual funds using TMX`s proven equities trading, clearing and settlement infrastructure.
By leveraging connectivity, systems and processes well established in the industry, the new platform will provide registered dealers with easy access to a broad range of investment funds. Mutual funds posted on the TSX NAVex platform will be visible to all participants who currently trade TSX-listed equities and ETFs, which coupled with inherent support for bulk trading, creates a new, efficient distribution channel for mutual fund manufacturers.
Click on the link above for further details.