Bravura and Calastone sign partner agreement
Sydney / London, 17 February 2010 (ASX:BVA / OTCQX:BRVSY) – Bravura Solutions Limited (Bravura) – a leading global supplier of wealth management applications and professional services – is pleased to announce an affiliation with Calastone Limited (Calastone), which will give Bravura’s clients direct connectivity to Calastone’s live messaging service and transaction network.
Calastone is an independent cross-border messaging network for the mutual fund industry, automating key business flow processes and delivering Straight Through Processing (STP) efficiencies throughout the entire lifecycle, from mutual fund trading, through to settlement. Developed using the latest Microsoft© technologies, Calastone provides clients with the ability to view their transactions online, in real-time, through an execution management system.
Tony Klim, Bravura’s Chief Executive Officer – EMEA said: “We are extremely pleased to be working with Calastone. This collaboration will enable our clients to achieve the full benefits of STP with Calastone’s distribution clients. The initial deployment supports order messages and will enable our clients to process trades electronically from the Calastone network”.
“We can now provide a cost effective solution to our clients wishing to connect to the Calastone transaction network, building further on our leading position as a provider of STP financial messaging through Bravura’s Babel software application.”
“The relationship with Calastone demonstrates our commitment to working with leading industry parties, seeking out value added services on behalf of our clients.”
Kevin Lee, Calastone’s Managing Director said: “We are pleased to partner with Bravura. Both Bravura and Calastone clients are able to remove manual order entry processing, which will reduce costs and risk, and provide greater visibility and control of order routing”.