This brings Australia and New Zealand more into line with other developed markets, where most processing for unlisted unit trusts and hedge funds is automated.
More than 80 per cent of transactions for unlisted unit trusts and hedge funds in Australia are done manually by fax, telephone or spreadsheet.
The Fund Order Routing and Settlement Service lets large institutional investors deal with multiple counterparties via a single, automated online channel for all unlisted unit trust and hedge fund orders, removing the need for the client to communicate multiple times during the order life cycle.
