Through MoneyFundsdirect.com, institutional investors can now use the Swift messaging platform to enter trades and receive automated confirmations and notifications of settlements and cash movements from their desktop platforms.
Jonathan Spirgel, managing director and head of liquidity services at The Bank of New York, said, SWIFT messaging allows us to provide straight through processing for our investors and enables them to not only arrange trades directly and securely through our systems, but also schedule reports to be sent directly to their desktops.
