Martin Currie, a UK-based investment manager, 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.
Calastone claims that its settlement service will enable Martin Currie’s clients to benefit from its straight-through-processing (STP) approach. This removes any need for manual processing and reduces risk by automating business flow processing from orders through to settlement.
Alan Burnett, head of UK intermediary sales at Martin Currie, said: “The service we offer our clients is extremely important to us. We are delighted to have signed up to Calastone’s settlement service which we believe will further benefit our clients and ensure they continue to receive the high level of service they expect from Martin Currie.”
Alexander Hofmann, sales director of Calastone, said: “Martin Currie joins a growing community of fund managers signing up to Calastone’s settlement service. The Calastone settlement model is based on a matching engine approach designed to calculate counterparty net settlement positions together with automated notification of legal title and will allow Martin Currie to settle their transactions using a more efficient and economic model.”