Hermes Investment Management has chosen Calastone’s global transaction network for its global order routing services.
In addition, Hermes will use Calastone’s global transaction network across its UCITS fund range in UK, Europe and Asia to reach wider distribution channels via electronically automated STP.
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Calastone’s transaction network, which is fully interoperable, will allow Hermes to translate messages between fund buyers and fund managers in their preferred format.
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."
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