Toronto Stock Exchange Debuts Centralized Mutual Fund Platform
TSX NAVex platform for mutual fund processes built on TMX Group foundations to introduce operations and cost efficiencies.
The TSX NAVex platform utilizes parent-group TMX Group's integrated equity services, including trading, clearing and settlement services, posting actively managed investment funds and facilitate purchases and redemptions through TSX's equities infrastructure.
"Industry appetite for this stakeholder-driven TMX initiative continues to grow as dealers and mutual fund manufacturers prepare their teams, systems and strategies to participate," said Nick Thadaney, president and CEO, Global Equity Capital Markets, TMX Group, in a statement. "We are confident that TSX NAVex is set to revolutionize mutual fund processing in our country and provide optimal service to this vital segment of Canada's marketplace."
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