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The firm moves to streamline funds settlement payments as the industry grapples with the growing operational burdens of managing post-trade reconciliation.
Calastone Settlements, the global fund transaction network, has successfully onboarded Standard Life Investments (SLI), based in Edinburgh, Scotland, to its automated funds settlement solution. The London-based Calastone, designed specifically for the funds industry, automatically matches trades and calculates the net settlement position between each trading counterparty. The adoption of the solution means that SLI will...
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