Euroclear Sweden Connects to FundSettle for International Order Routing
The Swedish fund industry, which has collective assets under management totalling approximately €270bn (approximately $373.2bn), as well as cross-border funds and transfer agents, now benefit from automated fund-transaction order routing between relevant parties at Euroclear Sweden.
"Greater fund processing efficiency is an area where our infrastructure role is adding value by slashing back-office processing costs and risks through automation and standardization," says Anders Löfgren, head of product management at Euroclear Sweden. "The Swedish fund market enjoyed a phenomenal year in 2013 in terms of net inflows. This strong trend of fund buying has continued into 2014, and spurred Euroclear to further strengthen its operational support to the Swedish investment industry by expanding the scope of possibilities and diversification opportunities to all relevant parties."
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