Calastone to provide order routing services for Hermes
- Wholesale Banking
- 14.10.2014 01:00 am
Hermes has chosen Calastone’s global transaction network for their UCITS fund range in UK, Europe and Asia, enabling them to reach wider distribution channels through electronically automated STP.
Calastone’s transaction network translates messages between fund buyers and fund managers whatever their preferred format, and Hermes have selected Calastone’s open architecture because it is fully interoperable.
Edward Glyn, Head of Global Relationship Management at Calastone, said, “We are pleased to welcome Hermes to our community, particularly at a time when Hermes is expanding its client base into new products and geographies. Calastone is the only venue where the global fund industry can send and receive fund order messages irrespective of their size, geographic location, preferred messaging protocol or technology, making cross-border trading much more efficient and transparent.”
Keith Waudby, Head of Operations, Hermes Investment Management, said, “Calastone offers a number of unique benefits to the fund distribution community, and we found the speed of onboarding impressive. We look forward to working together to responsibly provide innovative products and an excellent client experience to the investment community”.