Fidelity Investment Managers, a UK-based investment managers and platform provider, has connected to Calastone's global network to take advantage of the firm's order routing services.
Calastone continues to expand its global network for the funds industry by providing global interoperability for the complete lifecycle of a fund transaction from account opening to settlement.
Connectivity to Calastone removes the need for capital investment in infrastructure changes and enables clients to become immediately protocol agnostic, reduce risk and improve STP (straight-through-processing).
Fidelity Investment Managers UK Fund Partners head Ed Dymott said that Fidelity is committed to driving levels of automation and straight-through processing for distributors.
"We have connected to Calastone’s order routing service as an electronic trading method for distributors, so that they will now benefit from greater choice, lower costs and reduced risks across trading activities," Dymott said.
"Calastone provides an ability to drive efficiency across the funds industry from orders through to settlement and reconciliation, and we will continue to work with them to provide automation between our distributors and fund partners."