Capita Ireland selects Calastone's order routing 21 November 2011Dublin Reporter: Anna Reitman
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Capita Financial Administrators (Ireland) has announced its selection of Calastone’s order routing service.
Capita will work with Calastone to offer straight-through-processing for fund dealing, providing a real-time order management process for its investment management clients.
Alexander Hofmann, sales director of Calastone, said, “We are confident that Calastone’s offering will add value to [Capita's] business, as well as that of existing and prospective clients, given our transaction network enables full interoperability.”
Fund providers are set to benefit from an electronic solution when investing regardless of whether they are located on-shore or off-shore or whether they communicate domestically or internationally with counterparties.
This solution reduces risk, cost and removes the need for manual intervention, by automating the process throughout the dealing lifecycle.
Paul Nunan, managing director of Capita Financial Managers in Ireland, said, "Providing an automated solution to our clients and their investors enables greater efficiencies in fund dealing. At a time when all market participants are looking at ways to streamline their processes, reduce risk and reduce their costs, Calastone’s automated service provides a more efficient standardised process.”
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