Imported from previous forum
Kredietbank Luxembourg goes live on EMX using xConnect
November 29, 2005. Kredietbank Luxembourg has gone live on the electronic message exchange EMX.
The EMX connection is implemented via FIX using Macdonald Associates’ financial connectivity solution, xConnect. The installation is hosted at Macdonald Associates’ site, thereby ensuring that all of the IT maintenance and support are outsourced.
xConnect interfaces to MQ Series on one side and EMX, via FIX, on the other. Orders for funds are thereby routed electronically to the providers.
EMX is a leading electronic message exchange which allows intermediaries to buy and sell Unit Trusts, OEICs and Investment Trusts from product providers (http://www.emxco.com).
Adding this market to those supported by xConnect is a significant step forward and enhances the range of product classes supported.
About Macdonald Associates
Macdonald Associates Ltd. is a leading provider of FIX based solutions. Customers are based in the UK, Switzerland, Ireland, Luxembourg, Denmark, Germany, Austria, Abu Dhabi, Brazil and Canada.
In 2001 glox Ltd. was established to provide cost efficient and simple exchange connectivity for financial institutions.