Cullen Chooses Calastone For Mutual Funds Order Routing

dan llewellyn

Cullen Funds, an Irish UCITS company, has decided to use the order-routing service of Calastone—the provider of an independent cross-border transaction network—for its range of mutual funds. The vendor says the decision will help its new customer reduce cost and risk.

Calastone offers electronic order routing between fund buyers and fund providers, regardless of the size or format of the messages they use. Calastone translates all the fund order messages it receives from distributors into ISO 20