Calastone, the global transaction network, has announced that 200 million messages globally have now passed across its network, as the funds industry shifts towards global transaction automation.

Of the 200 million global messages, 13 million of these are from across Asia, and 6.3 million from across Australia and New Zealand. In particular, Asia saw a significant 44% jump in messages sent in 2016, compared to 2015.

Leo Chen, managing director, head of Asia at Calastone says, “It is encouraging to see such a strong uptick in messages sent in Asia, reflecting growing transaction automation in the region. This is driven by the industry’s increasing focus on operational efficiency and risk reduction.”