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Goldman Sachs Asset Management introduces Calastone order routing service

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Goldman Sachs Asset Management introduces Calastone order routing service

Goldman Sachs Asset Management has signed up to Calastone’s order routing service for its range of SICAV funds domiciled in Luxembourg and Money Market Funds (MMFs) domiciled in Ireland.

The network allows brokers to send and receive fund order messages, irrespective of their size, geographic location, preferred messaging protocol or technology because Calastone standardises all communication to the common ISO 20022 format, assisting automation and straight through processing (STP).

Commenting on the deal, Peter Hermans, director of European business development at Calastone, said he welcome Goldman Sachs Asset Management to the list of cross-border investment firms enrolled for electronic dealing, before adding he believed, “they are now well placed to offer their client base an easy and flexible solution for the automation of transactions."

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