Three U.K. Funds Choose Euroclear for Automated Transaction Processing

Euroclear UK & Ireland has added three more U.K. fund managers to the CSD’s investment fund service, which automates transaction processing.

The three funds that will use Euroclear are Old Mutual Global Investors, F&C Investments and Liontrust Fund Partners. The service aims to improve the settlement and reconciliation process by automating the full transaction lifecycle, which can reduce risk and save on costs long term. These funds had already been using Euroclear for automated order routing.

“We are seeing growing momentum in the U.K. fund community to reduce the risks and costs associated with fund transaction processing,” says John Trundle, chief executive officer of Euroclear UK & Ireland. “The combination of automated order routing services fully integrated with delivery-versus-payment settlement, offers Euroclear UK & Ireland’s clients a unique and effective means to achieve these objectives.”