Pacific Fund Systems announces Calastone Interface

Pacific Fund Systems (PFS) has built an interface to the Calastone Transaction Network (CTN) that allows PFS-PAXUS users to accelerate unit, or share, registry dealing through the Calastone network. Any party involved in the production, distribution or management of funds, of any size, located anywhere using Calastone is able to transact electronically without the need for complex implementations or investment in new technology and processes. James Eldershaw, Director at PFS, said: “Our clients trust PFS to enable their operational efficiency, and minimise operational risks. Calastone is a key player providing this automation globally and in Australia for our clients’ funds distribution.” Shannon Sweeney, managing director, Australia at Calastone, said: “We welcome PFS as an enabler for its clients to join the network, and we are working closely with them on the first client coming on board later this year.” Calastone is a global transaction network for the fund industry. Its objective is to assist companies increase their levels of efficiency through reducing cost and risk via its fully straight-through processing (STP) transaction network. Pacific Fund Systems is a leading provider of hedge fund accounting and administration software. PFS services in excess of 60 database installations across multiple global jurisdictions with in excess of US$400bn of net assets managed on PFS-PAXUS, PFS’s fully integrated share registry, fund accounting and allocations platform.