Calastone Transaction Network achieves 10,000 global trading links milestone______

Calastone, the global funds transaction network, has today announced that it has reached a significant milestone in its global expansion, with its network now providing over 10,000 trading links worldwide.

The Calastone Transaction Network brings automation to the global funds industry, which has historically relied on manual methods of transaction processing. This is achieved by enabling fully automated trading between participant fund managers and distributors, regardless of technology and geography, making all clients fully interoperable. This growth to 10,000 trading connections reflects an ever-increasing industry willingness to adopt and embrace automation and bring greater efficiency to the fund distribution supply chain.

As the network develops it provides more firms with ease of entry and efficient distribution into new markets through its common connectivity and infrastructure. As the mutual funds industry grows internationally, the need and willingness to adopt automation becomes greater. Calastone, in collaboration with the industry, continues to expand into new regions, with the first trades between New Zealand and Australia recently processed.

Calastone’s technological pedigree has allowed the network to extend across 29 countries and territories and was recognised this month by The Sunday Times, listing it in the Tech Track 100 for the third successive year. Calastone’s vision remains the same as it was at inception in 2008, to make the mutual fund market fully electronic and friction free, while allowing trading partners to communicate regardless of messaging format or connectivity protocol.

Julien Hammerson, CEO of Calastone, said, “I am enormously proud that the Calastone Transaction Network now facilitates over 10,000 trading links. 8 years on since Calastone was founded, this is an important milestone not just for the company but for the industry as a whole as it demonstrates the growing efficiency of the mutual funds market. Calastone continues to drive innovation throughout the funds industry and reaching 10,000 trading links indicates an important shift toward global transaction automation.”

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