Ruffer and Capita join forces for Calastone’s trade notification
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Ruffer and Capita join forces for Calastone’s trade notification 25 March 2013London Reporter: Georgina Lavers
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Independent investment management firm Ruffer LLP, with full support of Capita Financial Group in its role as administrator, has partnered with Calastone to launch the new automated trade notification service.
Capita chaired a working group that oversaw the design of the solution, which enables automatic trade notifications to be generated from each executed trade and routed to the relevant global custodian. Ruffer is now live with the service and automatically sending settlement instructions over to their first target custodian.
“Automating such processes also serves to reduce the risks associated with more manual methods of communication between fund managers and their custodians, particularly as it is likely that each fund manager will have a number of custodian relationships,” said a statement from Calastone.
Russell Vickers, operations processing manager from Ruffer, said: “We are delighted to be partnering with Calastone to introduce the new trade notification service to the funds industry and look forward to realising the savings we expect – through increased automation.”
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