Calastone reaches 200 million messages milestone on transaction network______

Calastone, the global transaction network, announced today the milestone that 200 million messages globally have now passed across its network. This demonstrates the fund industry’s continued adoption of automated processing and the rise in operational efficiency within the mutual funds market.

This is an important shift toward global transaction automation in an industry that has historically relied on manual methods of processing. More messages sent using the Calastone network means greater efficiency in global fund distribution. Of the 200 million global messages, 13 million of these are from across Asia, and 6.3 million from across Australia and New Zealand. The number of messages from across Asia rose 44% in 2016, and 62% in Australia and New Zealand, indicating the increasing ability for industry participants to access more global markets while trading with reduced risk and lowered cost.

The Calastone Transaction Network enables fully automated managed fund trading between participant fund managers and distributors, regardless of technology and geography, making all clients fully interoperable. The landmark of 200 million messages across the network is part of an industry-wide trend to embrace technology at the core of its activities, allowing the industry as a whole to quickly adapt while generating operational efficiency.

Jon Willis, Chief Commercial Officer at Calastone said; “To be able to mark 200 million messages processed by the Calastone Transaction Network is an important moment not just for Calastone but also for the global funds industry. The rapidly increasing growth of messages sent within APAC further demonstrates Calastone’s expanding global reach. We are now present in 29 countries and territories, with the network now reaching over 11,000 trading links worldwide. Calastone’s aim has always been to bring automation to the whole mutual funds industry and today’s news demonstrates our progress in achieving this aim.’

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