Allfunds Bank, Europe´s largest fund distribution platform* continues to lead the evolution of fund platforms by becoming the first provider to operationally facilitate omnibus trading between Spanish fund houses and distributors.
This is a revolutionary advancement in the Spanish fund market as omnibus trading is a critical step to help support cross domestic investments. Allfunds now provides the technology that enables and facilitates the distribution of onshore mutual funds operating under an omnibus structure. Industry stakeholders can now benefit from this infrastructure that boosts access to Spanish Fund Houses, including attractive boutiques and large manufacturers.
Allfunds continues to put resources into the development of new technology on the platform, expanding the boundaries of open architecture. The offering of omnibus trading is yet another way that Allfunds is the leading the industry in terms of best in class technology and digital solutions. Now, combined with Finametrix digital services, any Spanish financial institution can have a holistic front to back solution, accelerating its fund distribution capabilities.
Allfunds Bank CEO Juan Alcaraz said,
“Allfunds is proud to be the first fund platform to offer omnibus trading of Spanish funds and this is an important milestone for the market. We are honored to be the pioneers offering this service. We expect this initiative to create momentum in the market, encouraging further consolidation of open architecture, and also using Spanish funds as a key product across the value chain. Now the industry can benefit from a simpler, more transparent and highly cost-efficient way to access funds.
*‘European Fund Distribution: Leading Platforms,’ Platforum, June 2018.
Allfunds Bank Group offers integrated fund solutions (operational, analysis and information). Created in 2000, today Allfunds Bank has more than €370Bn assets under administration and offers close to 64,500 funds from 1,200 fund managers. Allfunds Bank has a local presence in Spain, Italy, UK, Chile, UAE, Switzerland, Colombia, Luxembourg and Singapore and has more than 600 institutional clients, including major commercial banks, private banks, insurance companies, fund managers, financial supermarkets, international brokers, and specialist firms from 45 different countries.
Contacts:
London Madrid
John Morgan Katherine Sloan
MD Fortuna Asset Management Communications Ltd. Global Head of Corporate Communications
Tel: 07769 262272 +34 91 274 6400