The transition moves both firms from doing manual fund dealing and reconciliation processing to a fully automated environment. For end investors, this could mean a quicker response time and more a diverse range of choices. 

has been experiencing considerable growth in Asia-Pacific in the past year. To-date, the company services 25 fund distributors and 80 domestic and cross-border fund managers in its network from the region alone. Financial institutions signed up on its electronic order routing service account for over 50 per cent of all fund orders originating from Singapore fund distributors, it said in a statement.

(To view a recent interview of senior Calastone executives by this publication, click here.)

"In less than eighteen months, we have automated orders from bank distributors, insurance companies, specialised fund platforms and securities houses, including their respective transfer agents. This creates an opportunity for all fund managers distributing funds in Singapore to leverage our existing network to automate the bulk of their orders. This reduces costs and risks associated with the process," said Sebastien Chaker, head of Asia.

Calastone has over 500 clients using its network across 17 domiciles, including the UK, Switzerland, Hong Kong, Taiwan, Singapore and Australia.