The investment platform and fund services provider today announced it has joined Calastone’s global funds transaction network.
OneVue Chief Operating Officer Lisa McCallum explained the company can now automate fund transactions previously communicated by fax.
“Traditionally, data was input by operators manually, so we’re pleased to offer automation to our clients who will benefit from improved efficiency, risk mitigation and cost.”
“By using Calastone we can offer a fully integrated service that will boost our fund managers’ wholesale distribution capabilities.”
McCallum added OneVue is a big supporter of automation, with the company a foundation member of the ASX’s mFund Settlement Service.
Calastone Australia Managing Director Shannon Bernasconi said the Australian industry is experiencing a fundamental shift in the way business is done.
“The growth of flows has been steady over the past 18 months, with inflows in September reaching 1,000 orders per day.”
“We’re delighted to work with OneVue in the unit registry space to open automated channels to a larger sector of the platform and fund manager space.”
OneVue expects to have approximately 30 percent trade automation via Calastone.