AXA Investment Managers and AXA Framlington to offer funds via Calastone
NEWS | 06 October 2009
Calastone Limited, the independent cross-border transaction network for the mutual funds industry, announced today that AXA Investment Managers in the UK has signed an agreement to make its funds (which include the AXA Framlington fund range) available via the global Calastone transaction network.
AXA IM will benefit from connectivity to Calastone’s rapidly expanding list of global fund distributors and aggregators through a single connection. This connectivity offers fully electronic STP throughout the transaction lifecycle, whatever the domicile or preferred messaging protocol, and visibility and control over their order flow and real time risk management.
Commenting on the agreement, Kevin Lee, Managing Director of Calastone said, "We are delighted that AXA IM has decided to connect to Calastone. Factors relevant to AXA IM’s decision, are connectivity, automation and the enhanced access offered by Calastone which will help them meet both current and future distribution requirements. Connectivity to Calastone will allow AXA IM to future-proof their technology by becoming ISO 20022 compliant and to reap the benefits of STP and business process automation."
Simon Lopez, COO at AXA Investment Managers, added "Given the scale and ambition of AXA Investment Managers and the ever-changing asset management landscape, it is essential that we put in place the best scalable solution to automate and transact our order flow both today and in anticipation of future demand."