Calastone offers electronic order routing between fund buyers and fund managers in their preferred format and provides automated net settlement services through trade order matching.
By signing up to Calastone’s settlement service, F&C’s clients will be able to benefit from Calastone’s straight-through-processing approach. This removes any need for manual processing and reduces risk by automating business flow processing, from orders through to settlement.
Calastone sales director Alexander Hofmann said Calastone is delighted to see yet another fund manager sign up to its settlement service.
