The lack of a single standard for communication between the various participants in the fund management industry from custodians and brokers of various sizes to customers - is the biggest headache facing fund managers, alongside the fact that the industry is so diverse, across both wholesale and retail markets.
Lieven Libbrecht, director of investment fund product management at Euroclear, the market leader in transaction settlement services, says it is not a lack of solutions that is holding back more efficient processing of fund transactions; the problem is that some distributors are not choosing any solution.
