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Smith & Williamson Links Up To Calastone Network
Tom Burroughes
25 January 2011
Smith & Williamson Investment Management has linked up to Calastone’s cross-border transaction and settlement network, the UK firm has said. Calastone’s reconciliation service provides a single point of market access and helps Smith & Williamson standardise and automate the complex reconciliation process, according to a press statement. Connectivity to the
Calastone community is through a single connection. Orders are sent electronically via the transaction network, which provides a universal message communication and "translation" service.