Smith & Williamson Investment Management has selected independent transaction network, Calastone, to provide reconciliation services, Mondovisione reports. The cross-border transaction and settlement network of Calastone will offer an automated approach to Smith & Williams to process mutual fund order routing, settlement and matching and its reconciliations services. Calastone will enable Smith & Williamson’s clients to benefit from automation and transaction efficiencies, reduce settlement risk and standardize the processes. The reconciliation service will also give a single point of market access and help Smith & Williamson to automate the complex reconciliation process.
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