London-based Henderson Global Investors has signed an agreement with Calastone to use its automated messaging settlement and matching service.
Henderson, with approximately £60 billion under management, signed up to the service with the understanding that this move would benefit its clients through increased levels of automation, reduced operating costs and the mitigation of various operational risks.
According to Calastone, its messaging settlement and matching service enables fund distributors and providers to automate their settlement processes without the need for a change in their market infrastructure.
Calastone offers electronic order routing between fund buyers and fund managers, and thus for investors such as Henderson, it (Calastone) provides automated net settlement services through trade order matching.
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