Hermes Investment Management has selected Calastone, the global funds transaction network, for their global order routing services.

 

Hermes has chosen Calastone’s global transaction network for their UCITS fund range in UK, Europe and Asia, enabling them to reach wider distribution channels through electronically automated STP.

 

Calastone’s transaction network translates messages between fund buyers and fund managers whatever their preferred format, and Hermes opted for its open architecture because it is fully interoperable.

 

Edward Glyn, head of global relationship management at Calastone, said, “Calastone is the only venue where the global fund industry can send and receive fund order messages irrespective of their size, geographic location, preferred messaging protocol or technology, making cross-border trading much more efficient and transparent.”