The cost of cash is rising along with the competition for who controls it internally. External pressures, such as the move to T+1 in the States, add new urgency to the search for digital solutions to speed up and simplify settlements processes. In replacing today’s fragmented processes, they also have the capability to transform operational economics from day one.
Calastone Order Routing and Settlements solves this issue for your trade to post fund trading business. We do this simply by connecting and automating the order routing, settlement calculation and bank payment workflows with any trading partner. We instantly update each system for faster trades-to-payments reconciliations, finalise settlement calculations and initiate bank payments using any bank, settlement method and trade cycle.
Crucially fund operations teams can:
- Eliminate errors and stresses created by tight end-of-day cut offs – automatically pull in order information and finalise settlement calculations
- Full transparency over the end-to-end process for complete auditabilty
- Optimise budget by simplifying teams and workflows