The global funds network, founded in the same year as when the global financial crisis erupted, has seen demand for its services pass through a key figure.

Calastone, the international funds transaction network said it now provides more than 10,000 trading links worldwide, an achievement it says highlights the drive for more automation and technology efficiencies in this space in regions such as Asia.

"As the mutual funds industry grows internationally, the need and willingness to adopt automation becomes greater. Calastone, in collaboration with the industry, continues to expand into new regions, with the first trades between New Zealand and Australia recently processed," it said.

The organisation, founded in 2008, interviewed late last year by this news service, has pinpointed Asia - and some of the inefficiences in its existing funds market - as rich in potential for its network. (See the interview here). For example, in some jurisdictions, processing of fund transactions is still done manually, increasing risks of errors, delays and confusion.