Emerging markets specialist Ashmore Investment Manager has gone live with connectivity to Calastone's cross-border transaction network, the vendor has announced.
The business, which manages $63.7 billion in pooled funds, will use Calastone to support increased automation, lower order processing costs and reduce risk in the investment cycle. Calastone provides an order messaging network for managed funds, where all messages are converted to the ISO 20022 format, and acts as a single point of entry to the market, thereby negating additional technology cost pressures.
"We are pleased to welcome Ashmore to our electronic order routing service," says Peter Hermans, director of European businuess development at Calastone. "A single connection to Calastone enables clients to send orders in the mutual fund industry in any format over any communication network, making cross-border trading much more efficient and transparent. Our real-time order routing is highly automated and provides visible order flow control for higher productivity at reduced risk and lower cost."
Ashmore was initially founded in 1992 by the Australia and New Zealand Banking Group, eventually becoming independent in 1999. It specializes primarily in debt and equity instruments specific to emerging markets.
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails
- Waters Rankings 2017: All the Winners & Why They Won
- The Investment Blockchain of Record
- Waters Wavelength Podcast Episode 83: Systematic Internalizers & RegTech
- Mifid Gears Grind into Motion as Systematic Internalizers Emerge
- Power to the People: Will MiFID II Data Disaggregation Deliver on Cost Control Promises?