Hot on the heels of automated order routing and settlement, the funds community seems equally keen on Calastone's reconciliations service that brings benefits to both providers and distributors. With reconciliations usually a monthly FSA requirement at the very least, providers are currently burdened with the costs of producing this information that ultimately benefits distributors. Similarly, distributors more often than not have to re-key this information into their own systems, having received different formats from different counterparties.
Calastone has been at the forefront of talks with the industry to improve the reconciliations process and more detail will be provided in future blogs. Needless to say, the above shortcomings have been addressed by Calastone's reconciliations offering and every participant, provider or distributor, will benefit.
Calastone has been at the forefront of talks with the industry to improve the reconciliations process and more detail will be provided in future blogs. Needless to say, the above shortcomings have been addressed by Calastone's reconciliations offering and every participant, provider or distributor, will benefit.
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