Trading platforms Misys and Assuresoft are racing to sign up product
providers in a bid to match and overtake current leader the Exchange.
Misys now has 11 providers offering products on its m-link service,
whichis currently rolling out to IFAs nationwide.
The providers signed up by Misys include National Mutual, Scottish Mutual
and Permanent Insurance which have yet to join Assuresoft's Assureweb.
Assureweb boasts thesupport of Legal & General, Zurich IFA, Standard Life,
Clerical Medical, Scottish Provident, CGU, Guardian and Skandia Life, none
of which has signed up withM-link.
The Exchange has 33 product providers on its system, covering all the
providers which have signed up with either AssureWeb or Misys.
Misys Interactive Trading editor-in-chief Paul Charles says: “We are in
talks with 22 providers and are pleased to have 11 on board already.
“It has taken The Exchange a long time to get over 30 providers. It is
about building long-term relationships with providers and we hope to have
22 signed up by the end of the year.”
Autif's investment funds electronic hub EMX has now signed over 70 fund
managers to test the system. The trials began in April in the run-up to the
scheduled launch of the scheme in early June.