Fund automation nearing tipping point in Taiwan

Automation of fund order processing may be reaching critical mass in Taiwan, as a rising number of domestic banks sign up to the platform operated by country’s central securities depository. Taiwan Depository & Clearing Corp (TDCC) late last year rolled out a service for the automated order processing of offshore-managed funds sold in Taiwan. This was part of the local regulator’s push to centralise fund order processing; it effectively forced the issue, by making the service …