Sydney
21 October 2014
Reporter: Stephanie Palmer

OneVue joins Calastone streamlining system


Australian investment platform and funds service provider OneVue has joined the Calastone transaction network with a view to streamlining its services and improving efficiency, while reducing risk and costs.

The network allows automation of funds transfers in both domestic and cross-border transactions, and is currently used by more than 560 customers throughout 19 domiciles.

The OneVue Group is no stranger to automation. It helped to build the foundation for the Australian Stock Exchange mFund Settlement Service, a method of buying and selling units of managed funds using an electronic settlement system.

But the group can now automate its own transaction, which were once communicated by fax.

COO of OneVue, Lisa McCallum, said: “By using Calastone we can offer a fully integrated service that will boost our fund managers’ wholesale distribution capabilities.”

According to Shannon Bernasconi, Calastone’s managing director for Australia, the whole of the Aussie market is experiencing a change in dynamic.

She said: “The growth of flows has been steady over the past 18 months, with inflows in September reaching 1000 orders per day. We’re delighted to work with OneVue in the unit registry space to open automated channels to a larger sector of the platform and fund manager space.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Murex to run MX.3 platform on AWS cloud
13 December 2017 | Paris | Reporter: Becky Butcher
Murex has collaborated with Amazon Web Services to allow its clients to deploy, test and optimise its MX.3 platform on the cloud
Northern Trust appoints Edwin Chan
13 December 2017 | London | Reporter: Becky Butcher
Edwin Chan has joined Northern Trust to head up sales across the alternatives fund sector in Europe, the Middle East and Africa
Firms remain open to exposures from manual processes
13 December 2017 | New York | Reporter: Becky Butcher
Only 2 percent of capital markets companies have a fully automated compliance support programme, leaving firms open to risk from manual processes, according to a survey by Aite Group and Cordium
Oslo Connect receives regulatory upgrade
12 December 2017 | Stockholm | Reporter: Becky Butcher
Baymarkets Technology is to upgrade Oslo Børs’s OTC system, Oslo Connect, to support regulatory demands such as those under the second Markets in Financial Instruments Directive (MiFID II)
Italian custody win for BNP Paribas
12 December 2017 | Milan | Reporter: Jenna Lomax
BNP Paribas will provide Sara Assicurazioni with global custody services for €1.3 billion in Italian and foreign assets
Fundsquare and i-Hub bring KYC service to funds
12 December 2017 | Luxembourg | Reporter: Becky Butcher
Fundsquare and i-Hub have signed a commercial partnership for the introduction of i-Hub’s know-your-customer (KYC) platform to the funds industry
Zedra hires Lisa Tan
12 December 2017 | Singapore | Reporter: Becky Butcher
Zedra has appointed Lisa Tan as head of corporate services, based in the firm’s Singapore office
More news