Word from the CEO - Fundsquare one year on

From the CEO

Much has been accomplished in Fundsquare's first twelve months, much more will follow

In July 2013, Fundsquare became operational and launched its integrated service offering for investment fund information, order routing and regulatory compliance.

During the twelve months since then we have been very active in supporting cross-border distribution. I would like to mark the passing of our first year with a few thoughts on what has been put in place and what we are now working on in order to bring greater efficiencies to the fund industry.

Order routing continues to grow

Since the first transactions took place on the order routing platform in September 2013, we have seen a strong growth in the number of companies choosing Fundsquare.

Currently, twenty-four companies, most of them important players in the industry, have opted for the Fundsquare infrastructure for their order routing needs. In addition, there are now around 13,000 fund share classes that are accessible via the order routing platform.

The range of channels for incoming orders has been widened. In addition to ISO formats, order givers can now, or will soon, send orders to the Fundsquare infrastructure via AFT, a direct connection, our own order giver user interface and fax.  

For the fund industry, the interplay between order routing and fund information is an area that can be made more efficient. We are now collecting a vast amount of detailed operational information that will be very useful for order givers and which will be an integral part of our much-appreciated automated information services. 

One of the unique features of Fundsquare is to be open to all and we continue to explore areas for partnerships and cooperation with other infrastructures around the world . We expect that this cooperation will tremendously improve the scope of the funds available.

Overall, I am pleased to say that the order routing infrastructure is working well and has proved itself to be robust.

Creating solutions for the entire fund chain

Fundsquare enables fund actors to improve and streamline their existing distribution processes, as well as creating value around the entire fund supply chain.

With this aim in mind, we will continue to focus on building new or expanded solutions that enable all companies involved in the distribution cycle to take advantage of the Fundsquare infrastructure. As mentioned in previous newsletters, we are working on a number of projects in a variety of areas that will provide 360-degree services. We look forward to informing you of the implementation of these.

To sum up our first year, I would say that the very original concept behind Fundsquare - to combine information, order routing and regulatory services - has proved to be popular and appreciated by the fund industry.

I look forward to another fruitful twelve months.

Dominique Valschaerts
CEO, Fundsquare


_{Published on: 30 July 2014}

Fundsquare News 12 - July 2014