It says this delivers a seamless automated process to manage trade instructions to serve its wealth managers and financial adviser clients.
NZXWT’s connection to Calastone combines global best market practices and reach with local market knowledge.
NZXWT head of product, Kelly Good, said that NZXWT’s connectivity to Calastone’s global network via its API gives New Zealand investors easy and reliable access to a broad and diverse range of global investment opportunities. Other benefits are faster trade executions and importantly much improved security as the automated process removes risks of manual errors.
“This is a great example of NZXWT partnering with the global funds network to bring innovation to the benefit of New Zealand investors. We worked in close collaboration with Calastone to enhance our platform’s fund management and execution process utilising API connectivity. By automatically picking up authorised orders from advisers and placing them directly with fund registries, we have gained operational efficiencies and freed up people to focus on more value-adding tasks. Investors benefit directly from faster and more secure transactions, having removed the risk from manual errors.”
Calastone managing director, head of Australia and New Zealand, Marsha Lee, says “Selecting the right technology is crucial to meeting the needs of today’s investors and we are delighted that NZXWT has chosen to connect to our global network via our API, the first financial services provider to do so in New Zealand. NZXWT has immediately benefited from the risk and cost reduction in addition to faster execution times enabled through automation. We value our partnership with NZXWT and our teams have really enjoyed working together to continue bringing tech innovation to the investment community. “
The API is available to all of NZXWT’s SaaS clients and is also used by its own operations services team to the benefit of all wealth managers and advisers to whom we provide a fully outsourced investment administration service.
| « Pie's new funds could start with significant tailwind | ASB gets aggressive » |
Special Offers
No comments yet
Sign In to add your comment
© Copyright 1997-2024 Tarawera Publishing Ltd. All Rights Reserved