20 October 2017

Franklin Templeton Investments joins Calastone network

27 September 2010  |  2263 views  |  0 Source: Calastone

Franklin Templeton Investments is the latest cross-border fund provider to join Calastone's fast growing fund transaction network to benefit from automated dealing efficiencies.

Calastone offers electronic fund order routing, net settlement matching and statement of holdings services to fund distributors and fund management companies globally. Participant firms can connect to the network using their preferred communication channel and message formats thereby minimising IT resources, costs and timeframes usually required to move to a straight-through-processing environment. Messages received into Calastone are normalised to industry standard ISO 20022 format using Calastone's automated message translation service.

Commenting on the agreement, Sebastien Chaker, Managing Director of Calastone Luxembourg, said, "Franklin Templeton, one of the largest global cross-border fund management groups joining our network, is a great testimony to the success of our global expansion. Today, continental European and Asian based distributors already account for over 25% of our order flow and we expect this significant growth to continue in the future."

Paul Brady, Director of Operations at Franklin Templeton Investments added, "As a leading cross-border fund provider, our primary objective is to offer our global client base the most efficient service levels from trade to settlement while managing operational risks and expanding our distribution reach. We regularly review our processing options and connecting to Calastone enhances our existing offering by giving our distributors more flexible and cost effective ways of placing trades into our cross-border funds."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nlvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16099 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8351 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8041 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7334 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6682 views comments | 10 tweets | 21 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job