Henderson Investment Funds has signed an agreement to use Calastone’s settlement and matching service. Calastone offers electronic order routing between fund buyers and fund managers whatever their preferred format and provides automated net settlement services through trade order matching.
According to Calastone, signing up it settlement service will enable Henderson’s clients to benefit from its straight-through-processing approach. This approach removes any need for manual processing and reduces risk by automating business flow processing, from orders through to settlement.
Karen Zachary, director of client service operations at Henderson, said: “Straight-through-processing has had a major impact on the way the industry buys funds, this next step can only benefit Fund Managers and clients alike.”
Alexander Hofmann, sales director of Calastone, said: “We are delighted to see yet another fund manager sign up to use our settlement service. More and more firms are appreciating that connecting to the service helps reduce infrastructure costs. The service is not expensive or complicated to use and everybody can benefit because Calastone provides global interoperability in terms of messaging and communications mediums.”