FNZ signs up with service to improve efficiencies
UK-based Calastone describes itself as an “enabler” to help platforms and fund managers run their systems more efficiently.
Calastone automates the exchange of transaction information between investment managers, platforms, administrators and custodians, operating as an agnostic processing hub, translating order information to and from respective parties in their preferred formats.
It operates in 29 jurisdictions around the world and is now expanding from Australia to New Zealand.
Across the ditch it provides services to 80-85% of platform transactions and 60% of fund managers.
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