Financial News says Charles River is shaping the future of portfolio management, order management, electronic trading and compliance
Financial News named Charles River Development as the buy-side software leader and one of 21 technology firms with the potential to shape the industry landscape in the new millennium. From its beginnings as a computer-aided software engineering company, Charles River has consistently responded to market needs through technological innovation. Charles River’s core product offering, the Charles River Investment Management System (Charles River IMS), is a buy-side, front- and middle-office software suite that supports all asset classes on a single platform. The system is designed to meet the complexities of the global investment management community. Today, 220 clients across 30 countries use Charles River IMS.
“We’re very pleased to be recognized as the buy-side technology leader. This is a direct result of our consistent and aggressive R&D investment. Over the past few years Charles River has spent over $50M to offer a functionally rich, service-oriented architecture,” commented Tom Driscoll, VP of Sales and Marketing. “Our architecture is based on JAVA/J2EE, Microsoft.NET, web services and flexible, real-time API’s, providing clients with optimal performance and seamless integration. We plan to continue this investment.“
Financial News noted Charles River’s recent progress in execution management and web-based solutions to enhance the productivity of investment managers and the quality of trade execution. Charles River also has a history of being first to market with innovative offerings. Charles River Compliance supports real-time pre-trade and end-of-day compliance monitoring, and was the market’s first stand-alone, buy-side compliance monitoring product. Today, the fully web-based Compliance AnyWhere application enables clients to access, review and address Charles River compliance information ‘on the go’ via any commercial browser tool or via a handheld device, such as a Blackberry. Charles River Trader was the first commercially-available OMS to:
· integrate with TradeWeb and MarketAxess to automate and streamline electronic fixed income trading
· integrate with OMGEO Central Trade Manager to employ central matching for both domestic and cross-border trading
· receive FIX 4.4 certification through the FIX Protocol Ltd. (FPL) certification program for fixed income to automate and centralize fixed-income trade processing
Charles River is one of few buy-side vendors to support front- and middle-office operations across all asset classes and a variety of industries, such as: global institutional asset managers, mutual funds, banks, pensions, hedge funds, wealth managers, and insurance. Charles River supports some of the world’s largest investment managers, as well as smaller investment boutiques.
Charles River continues to look to the future and is developing a number of complementary initiatives to expand the role and effectiveness of front- and middle-office personnel. These initiatives include Execution Management System (EMS) capabilities, expanded complex derivatives functionality, fixed income analytics and data integration. Charles River’s strategy has resulted in a large number of new clients who require proven tools to enhance their buy-side trading and operations.