Independent investment firm RWC Partners has adopted Calastone’s order routing and reconciliations functionality for its Ucits funds, Fundamentals reports. RWC Partners’ transfer agent Banque Privée Edmond de Rothschild Europe in Luxembourg is utilizing the SWIFT ISO 15022 standard to connect to Calastone. Investors in RWC Partners Ucits funds will benefit from Calastone’s straight-through-processing service, removing the need for manual intervention and reducing risk by automating processing throughout the trade lifecycle. RWC’s transfer agent will also utilize Calastone’s reconciliation functionality the Execution Management System.
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