Ascentric and FundsNetwork in re-reg 'milestone'

The pilot re-registration, carried out using the Altus Transfer Gateway (ATG), is the first where messages have been successfully exchanged between different counterparties over the SWIFT network. It involved the re-registration of a directly held Schroders fund from Ascentric to FundsNetwork, followed by the re-registration of two ISA wrapped Schroders funds from FundsNetwork to Ascentric. The transfer used Tisa-endorsed open re-registration standards.  "This is something of a milestone for the platform industry and a very significant first step in working towards full platform to...