| Calastone is founded by Kevin Lee, Ian Taylor and Campbell Brierley |
| The first message is sent over the Calastone Transaction Network between Barings and Cofunds |
| Calastone applies to Euroclear to become a CREST central sponsor with industry support |
| 1 millionth message is sent over the network |
| GLG becomes first hedge fund to join Calastone; over 70 clients on network |
| Calastone commits to delivering a settlement solution for mutual funds in consultation with the industry |
| The Calastone settlement service is launched and the first mutual fund trade in the UK is settled
electronically between Cofunds and Old Mutual |
| Luxembourg office founded; based in UK, Ireland, Luxembourg, France, Hong Kong, Taiwan, Isle of Man |
| Reconciliations service for distributors and fund managers launched |
| BIC Code Hosting service launched |