- Why Calastone?
Architas has appointed Calastone, the independent cross-border transaction network for the mutual fund industry, to manage its order routing service.
This service reduces the number of complexities and links in the mutual funds processing chain, leading to greater operational efficiency, reduced costs, reduced risks and greater control. The Calastone Execution Management System (EMS), a web-enabled user interface providing access to the network, will help Architas to monitor and manage transactions and any exceptions in real-time.
Hans Georgeson, managing director, Architas, said: “We are always interested in any advances which help reduce both our and our clients’ risk. This relationship helps improve efficiencies through increased straight through processing, helping further automation within the mutual fund market.”
Commenting on the announcement, Alexander Hofmann, sales director, Calastone, said: “We are delighted to welcome Architas to our growing list of fund managers enrolled for electronic dealing via Calastone, as part of our on-going drive for global reach in the market. We are committed to encouraging greater levels of operational efficiency throughout the UK domestic and cross-border mutual funds market, so that clients can realise a number of substantial benefits.”
Calastone enables the global fund industry to send and receive fund order messages, irrespective of their size, geographic location, preferred messaging protocol or technology. Whatever the preferred communication method of each participant, Calastone’s transaction network standardises all messages to the Calastone ISO 20022 format, enabling the industry to become fully automated throughout the trading lifecycle.