Architas Appoints Calastone
03 April 2012 (PLANSPONSOREurope.com) – Architas has appointed Calastone, a cross-border transaction network for the mutual fund industry, to manage its order routing service.
The service aims to reduce the number of complexities and links in the mutual funds processing chain, leading to greater operational efficiency, reduced costs, reduced risks and greater control. The Calastone Execution Management System (EMS), a web-enabled user interface providing access to the network, will help Architas to monitor and manage transactions and any exceptions in real-time.
Hans Georgeson, managing director, Architas, said: “We are always interested in any advances which help reduce both our and our clients’ risk. This relationship helps improve efficiencies through increased straight through processing, helping further automation within the mutual fund market.”