Paris-based investment manager Lyxor Asset Management has connected to Calastone, an independent cross-border transaction network for the mutual fund industry. The move will allow Lyxor’s clients to transact electronically at zero cost with its alternative investment fund range, using Calastone’s independent cross-border transaction network.
Calastone’s transaction network standardizes all messages to Calastone ISO 20022, allowing the industry to become fully automated throughout the trading lifecycle. Participants will be able to benefit from reduced costs, decreased risks and greater control, using Calastone’s Execution Management System.
Click here for the release from Calastone.