Calastone, the independent cross-border transaction network is pleased to announce that Goldman Sachs Asset Management has signed up to the network's order routing service for its range of SICAV funds domiciled in Luxembourg and Money Market funds domiciled in Ireland.
Calastone is the only venue where the global fund industry can meet to send and receive fund order messages, irrespective of their size, geographic location, preferred messaging protocol or technology. Whatever the preferred communication method of each participant, Calastone's transaction network standardises all messages to the Calastone ISO 20022 format, enabling the industry to become fully automated throughout the trading lifecycle.
Joining the network is simple and does not require additional costly technology. Single point of entry to the market via Calastone is seamless and industry developments, such as the movement away from ISO 15022 messaging to the ISO 20022 standard, are easily accommodated by the network, regardless of incumbent infrastructures.
Peter Hermans, Director of European Business Development at Calastone, said: "We welcome Goldman Sachs Asset Management to our growing list of cross border investment firms enrolled for electronic dealing. They are now well placed to offer their client base an easy and flexible solution for the automation of transactions."