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Fund Transaction Network Expands Net To New Zealand

Tom Burroughes

17 May 2016

Fund transaction network Calastone is continuing its expansion into the Asia-Pacific market with a push into New Zealand.

The firm aims to support smoother transaction flow across Australasia. Its wider cross-border coverage enables transactions between New Zealand and Australian platforms, fund managers and other industry practitioners. Calastone’s technology provides interoperability, relieving asset managers, platforms, custodians, and administrators from the burden of unifying or standardising legacy technologies for straight-through-processing of information. 

Calastone has told this publication that Asia is an important growth market, with high potential for automating transactions at a time when some places continue to use older, paper-based methods.