Ashmore Investment Management picks Calastone for order routing
Ashmore Investment Management’s Luxembourg domiciled funds are set to start using Calastone’s order routing service.
The manager said it selected the technology because it would help automate its business, lowering costs and reducing risk. Ashmore’s products target total return.
Calastone’s service standardises all types of messages into the so-called ISO 20222 format, which means issuers and recipients of orders in the asset management industry can communicate regardless of the original format of the message.