From EFAMA and SWIFT

New Report Confirms Total Industry Automation Rates at Nearly 85% of Fund Orders

Date:

New Report Confirms Total Industry Automation Rates at Nearly 85% of Fund Orders

Author: Alicia Miguel

  1. The total automation rate of orders processed by Luxembourg TAs reached 81.7% in the second quarter of 2016 compared to 82.9% in the last quarter of 2015
  2. "The report confirms that further increases in automation rate levels for fund orders and switches towards the ISO 20022 standard will depend on the efforts made not only by fund managers but also by the fund distributors"