Charles River today announced it has integrated its Charles River Investment Management Solution (Charles River IMS) with Trumid’s all-to-all electronic corporate bond trading platform, the Trumid Market Center. The collaboration aims to bring greater trading efficiency and market intelligence to institutions managing corporate bond portfolios.
Integrating Trumid’s technology directly within the Charles River IMS allows buy-side firms to ensure orders are consistent with investment directives and internal risk and compliance checks while continuing to improve trade transparency and deliver efficient access to liquidity.
“Direct connectivity between Trumid and Charles River supports the full-trade life cycle, providing improved workflow efficiency before, during and after execution,” said Peter Lambertus, CEO, Charles River Development. “Through reduced reliance on multiple interfaces, traders can now more easily access liquidity in rapidly changing corporate bond markets.”
“Trumid is constantly looking for ways to remove inefficiency from trading and simplify user workflow, so making the decision to integrate with Charles River IMS was an easy choice,” said Josh Hershman, Chief Operating Officer of Trumid. “Charles River is one of the most progressive and well-known buy-side solution providers in global fixed income markets. Our growing shared client base will benefit from this partnership.”
Trumid is a financial technology company bringing efficiency to credit trading through data, technology, and beautifully simple products. Trumid Market Center, the company’s all-to-all electronic trading and market intelligence platform, provides corporate bond market professionals with direct access to anonymous liquidity. Trumid’s products leverage the network effect and data science to empower all credit market participants to make more informed decisions. Trumid was founded in 2014 by credit professionals with over 100 years of trading experience and is headquartered in New York City.
Charles River enables sound and efficient investing across all asset classes. Over 350 firms worldwide use Charles River IMS to manage more than US$25 Trillion in assets in the institutional investment, wealth management and hedge fund industries. Our Software as a Serviceâbased solution automates and simplifies investment management on a single platform – from portfolio management and risk analytics through trading and postâtrade settlement, with integrated compliance and managed data throughout. Headquartered in Burlington, Massachusetts, we support clients globally with more than 750 employees in 11 regional offices.