- Why Calastone?
Calastone, the global funds transaction network, today announced that it had been listed in 42nd place in the Sunday Times Hiscox Tech Track 100 published on 7th September.
The Hiscox Tech Track 100 league table ranks Britain’s 100 private tech (TMT) companies with the fastest-growing sales over the latest three years. Tech Track 100 is compiled by Fast Track and published in The Sunday Times each September, with an awards event in November and regional dinners throughout the year. Commenting on the ranking, Julien Hammerson, CEO of Calastone said, “We are honoured to have been listed in the Tech Track 100 ranking. As a technology firm, we are committed to helping the funds industry reap the cost and risk reduction benefits of interoperable automated transaction processing. Before we introduced our global transaction network, most fund orders were transacted manually, which involved a great deal of cost and was rife with processing error risk.”
Ken Tregidgo, Chief Strategy Officer added, “Automation has had a huge impact on the industry and since we launched in 2008, we have enabled the industry to reduce the cost of electronic transactions by 60%. We are committed to helping the industry better serve its investors by offering a more efficient & automated approach to funds processing.”
Hammerson concluded, “We are committed to collaborating with the global funds industry, helping firms respond to regulatory changes, innovate and take advantage of the international investment opportunities on offer for their investors. Only by listening and working closely with our customers can we respond by introducing innovative products and services, all designed to help the fund industry better serve its end investors and meet its ever-evolving regulatory requirements.”