Thames River Multi-Capital LLP, a fund provider, signs the contract with Calastone Limited, the independent cross-border transaction network for the mutual funds industry.
Calastone can offer Thames River Multi-Capital a great bunch of benefits: fully electronic STP throughout the transaction lifecycle, electronic connectivity to fund distributors and aggregators through a single connection. Calastone also delivers a universal message communication and ‘translation’ service.
Thames River Capital will be able to lower costs, reduce the risk of trading, and gain visibility and control of their order flow.
Without any investment in membership fees or new technology, Thames River is now able to manage transactions on a real-time basis using our Execution Management System, says Kevin Lee, managing director, Calastone. As Calastone continues to expand, Thames River will benefit by receiving orders electronically from an increasing number of fund distributors and aggregators globally, many of whom are using SWIFT messaging via Calastone.
We are pleased to offer our funds via Calastone and we look forward to the operational efficiencies that Calastone can bring to our business, says Jeremy Charles, chief operating officer, Thames River Capital. We believe that Calastone’s model will continue to be used by a wide range of fund distributors and transfer agents”.
L.D.