About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Calastone Advocates Market Wide Re-registration and Interoperability of Service

Subscribe to our newsletter

Calastone, the global messaging and settlement transaction network for the mutual fund industry, announces that it is on schedule to deliver the first solution for re-registration to market whilst at the same time offering to extend usage and connectivity to other re-registration service suppliers.

Connecting via the UK market practice group message standard, the agreed industry standard for data exchange of re-registration instructions, participant firms will benefit from access to Calastone’s full range of services without the significant investment of maintaining multiple point to point relationships.

Calastone will also offer interoperability to any other market re-registration vendors so that no matter which solution individual market participants choose, market participants will be able to connect to all their counterparties through the Calastone Service.

Dan Llewellyn, Managing Director at Calastone, added: “Calastone has a proven record in delivering post-trade market solutions for the global mutual funds industry. Our clients have and will continue to benefit from our unchanging position of client choice.  We are keen to play our role in reducing the cost to the end investor and that is why we are making our service available to market practitioners and competing re-registration vendors, a proliferation of service vendors will only bring extra complexity and cost to our market.”

Kevin Lee, Chief Executive Officer at Calastone, said: “We have a substantial community of mutual fund participants that are using Calastone’s services from order routing through to settlement, the addition of a re-registration service will help those participants close one more significant gap in the processing chain. Calastone’s light touch connectivity and message translation services allow clients to connect to the market once, without the need for additional middleware, and therefore avoid the cost associated with the maintenance of multiple counterparts and the expense that such outdated models incur. For market participants using middleware and other connectivity models we will make available our re-registration service to their suppliers so that they may improve their market connectivity and reduce their costs. After all, cost reduction should benefit the underlining investor.”

In March 2011, Calastone announced that it had been selected to provide the first re-registration solution in the UK with the Q2 2011 launch of a new service that should ultimately enable Isa and other portfolio transfers on the same day.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

GLEIF Begins a New Decade in Growth Mode

The Global Legal Identifier Foundation (GLEIF) enters its second decade this month with its novel system of identifiers for everything from companies and their financial instruments to real assets fast becoming a global standard. While the next five years are expected to see yet more entities join the GLEIF’s open data project, the organisation’s immediate...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...