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The Luxembourg Stock Exchange has now announced its cooperation with Altus on the development of the market infrastructure for European investment funds. The Luxembourg Stock Exchange is creating a market infrastructure, which will provide services to substantially support, facilitate and standardize the cross-border distribution of funds. The initial scope of services will focus on transaction management and, information and reporting services, leveraging on Finesti experience and leadership. The first step will be to cover Luxembourg and then other cross-border UCITS funds domiciled in various countries. This infrastructure will serve the market as a user-owned and user-governed market utility. The objective is to “Go live”, for phase 1, in quarter 3 2013 with the first users...
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