When we talk with fund distributors, one of their main gripes is dealing into boutique fund managers. Similarly, these managers need a light-touch, low-cost way of making it easier for clients to deal into their funds.
At the Tipping Point event, Calastone unveiled what is dubbed "The Catcher's Mitt". Boutique fund managers and administrators now have a quick, easy way to communicate with distributors, with real-time visibility over the whole life-cycle of the trade. Feedback has so far been enormously positive and 100% STP for the funds industry is one step closer.
We were delighted to win a couple of awards at the Systems in the City event the other night. So we now have a couple of pointy bits of glass sitting in the Boardroom for best newcomer and best new development. Hopefully the first of many!