Calastone passes 10,000 trading links on network

The Calastone Transaction Network, which facilitates automation of transaction processing – such as trading betweeen fund managers and distributors – has claimed it now has over 10,000 trading links globally.

These links are currently in place across 29 countries and territories. This has taken the firm well beyond its original UK roots. As more links are added the total number of links increases geometrically, as the definition of links implies that each additional company added to the network represents multiple additional links, a spokesperson suggested.

Recently, Calastone announced the first trades using its network were processed between New Zealand and Australia.

The technology provider says that as the mutual fund industry grows globally, the necessity to adopt increasing automation also rises, as participants seek efficiencies. Calastone’s technology is focused on facilitating trading partners to communicate regardless of the messaging format used or the technology protocols for connecting.



Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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