Listed financial services company Equity Trustees Limited has streamlined its unit registry administration capabilities with the implementation of Calastone’s global fund transaction network service.
Calastone’s service will allow Equity Trustees to automate the majority of its fund transactions, significantly reducing its use of traditional trade notification methods, and improving efficiency and cost for both the business and its clients, says Travis Goudie, General Manager of Fund Operations at Equity Trustees.
“Previously, our processes to trade with platform operators were manual, usually via fax transmission. We estimate that the new system will reduce the use of these manual transaction processes by as much as 60 percent of our unit registry traffic.
Read the full Media Release here.