Euroclear U.K. & Ireland has rolled out a new service for U.K. institutional and retail clients, Fundamentals reports. The new product, known as the EMX Message System, will integrate and automate order routing and trade settlement for exchange-traded funds (ETFs).

The service will allow fund distributors to route ETF subscription and redemption orders using the same infrastructure they currently use for mutual fund order flows. The service will be available to its clients through individual financial advisors and fund platforms.

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