Calastone Supports Nucleus' Transaction Lifecycle With Front-To-Back STP

Nucleus has signed an agreement to become a member of transaction network for the mutual funds from Calastone Limited. By connecting to Calastones transaction network, Nucleus will benefit from fully electronic STP throughout the transaction lifecycle, with their preferred messaging

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Nucleus has signed an agreement to become a member of transaction network for the mutual funds from Calastone Limited.

By connecting to Calastones transaction network, Nucleus will benefit from fully electronic STP throughout the transaction lifecycle, with their preferred messaging protocol. They will gain electronic connectivity to fund providers through a single connection and orders will be sent electronically via

Calastone.

Connecting to Calastone removes manual order entry processing, leading to lower costs, reduced risk and increased visibility and control of the order flow.

Distributors can connect directly from their existing Order Management Systems or use Calastones Execution Management System (EMS), providing a consolidated view of all their order flow. This enables them to react to exceptions quickly and efficiently and deliver a better service to their clients.

As Calastone continues to expand, Nucleus will benefit from the ability to send orders electronically to a growing number of fund providers, many of whom are using SWIFT messaging via Calastone, says Kevin Lee, managing director, Calastone.

It is our ultimate aim to offer the mutual funds industry complete front-to-back STP regardless of the incumbent technology or connectivity chosen by each participant.

Calastones ability to connect to the entire funds market without the need for the fund providers to incur costly technology spend will significantly increase our levels of STP, says Andrew Smith, chief operating officer, Nucleus.

We are confident that Calastones low cost and easy-to-connect model will continue to attract ever more fund providers and transfer agents.

L.D.

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