In the Margins

Automation: The key to keeping the fund biz moving

July 11, 2016

By Institutional Investor

Automation keeps the mutual fund industry moving. Thirty years ago when the mutual fund industry have $716 billion in assets under management, DTCC Fund/SERV processed about 15 transactions per day; now, in an industry with some $16 trillion in AUM, DTCC Fund/SERV processes a daily average of 900,000 mutual fund orders. Read the original story from Institutional Investor.

 

 

Most Read

10 Things
10 Things...to read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...