Calastone Limited, the independent cross-border transaction network for the mutual funds industry, announced that Marlborough Fund Managers Ltd, one of the UKs fund management companies has signed an agreement to make its funds available via the global Calastone transaction network.
Marlborough Fund Managers will benefit from connectivity to Calastones rapidly expanding list of global fund distributors and aggregators through a single connection, reaping immediate advantages in cross-border trading access. This connectivity offers fully electronic STP throughout the transaction lifecycle, whatever the domicile or preferred messaging protocol, and visibility and control over their order flow and real time risk management.
Marlborough Fund Managers is the most recent fund provider to connect to Calastone and enjoy the benefits of lower costs, increased global reach and full straight through processing, says Ian Taylor, chief operating officer of Calastone. Factors relevant to Marlboroughs decision to join, are connectivity, automation and the enhanced access offered by Calastone which will help them meet both current and future distribution requirements. Connectivity to Calastone will also allow Marlborough to become immediately Calastone ISO 20022 compliant, reaping the benefits of STP and business process automation.
D.C.