Calastone And Idea Group Partner To Improve Interoperability For Mutual Fund Transactions And Flexib
Calastone, the independent cross-border transaction network for the mutual fund industry, and Idea Group, specialists in providing management consultancy and IT services for the institutional investment industry, partner to improve interoperability for automated transactions.
The partnership between the two firms has been established to reduce costs and improve interoperability, to give pension clients solutions to software integration and offer whole-market connectivity. It brings greater control and better flexibility over investment and transaction decisions, automating order routing traffic using the ViaNova ISO 20022 standard.
By combining Calastone’s transaction network and Idea Group’s software and workflow integration tools, this partnership will bring significant cost savings to the pension industry by helping to automate the whole transaction lifecycle whilst at the same time giving the ability for Pension TPAs to obtain full market connectivity.