Calastone is the independent cross-border transaction network for the mutual fund industry.
For the first time, Calastone has enabled fund providers, transfer agents and distributors to trade mutual funds electronically on both a domestic and international basis regardless of size, location, technical capability or message protocol preference. This has delivered considerable efficiencies and for the first time has delivered front to back STP. Calastone offers real-time order routing, highly automated & visible order flow control resulting in higher productivity at reduced risk & lower cost through automation of key business processes.
In response to industry demand for a primary market settlement approach designed specifically for settling mutual fund transactions, and in consultation with the industry, Calastone has built a settlement service based on a matching engine approach. The service is designed to calculate counterparty net settlement positions together with automated notification of legal title in fund unit positions giving participants full STP throughout the lifecycle of any trade.
To join the Calastone transaction network there are no joining fees, no annual membership fees and minimal (often no) technical investment. Calastone members benefit from our low tariff model & our continued commitment to drive down costs.
Calastone believes that competition will drive down the cost & increase the efficiency of mutual fund order routing. Over the past year, Calastone has been actively signing up mutual fund providers, distributors and transfer agents offering low cost competition for transacting order flow for the mutual fund industry.
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