Calastone offers electronic order-routing between fund buyers and fund managers whatever their preferred format and provides automated net settlement services through trade order-matching.
Fund providers are able to benefit from fully electronic STP throughout the transaction lifecycle, whatever the size of participant firm (from tier one to boutique firms); whether located on or offshore; whether communicating domestically or internationally with counterparties; whether preferring manual processes (such as electronic fax) or standards and protocols, Calastone’s transaction network enables full mutual fund industry interoperability.
Calastone sales director Alexander Hofmann said that the Calastone is delighted to see another key industry player select Calastone for order-routing.
"Strategically, BNY Mellon Asset Management is a very important client for us since so many of our distribution clients want to deal with them via Calastone. We believe that choice and competition will benefit all participants in the mutual fund industry," Hofmann said.
