Email Contact Phone Company Visit Website

Boston, MA Head Office

700 District Avenue
Burlington
MA
US

London Office

6th Floor, 6 Devonshire Square
London
GB

New York, NY Office

Charles River Development 1040 Avenue of the Americas 9th floor
New York
NY
US

Beijing Office

Charles River Development Incorporated Level 19, Tower E2 Oriental PlazA, 1 East Chang An Avenue Dong Cheng District
Beijing
CN

Melbourne Office

Charles River Development, Inc Level 12, 350 Collins Street
Melbourne
AU

Singapore Office

Charles River Systems Inc 3 Phillip Street #17-04 Commerce Point
Singapore
SG

Tokyo Office

Charles River Development Incorporated The Imperial Hotel Tower 15th floor 1-1-1 Uchisaiwaicho, Chiyoda-ku
Tokyo
JP

Hong Kong Office

Charles River Development Limited AON China Building Level 17,
Hong Kong
HK

Paris Office

Charles River Development 17 Square Edouard VII
Paris
FR

Telephone

781 425 6147

Contact

Heather Frechette-Cr
[email protected]
Back to all Charles River Development announcements

Charles River IMS to Automate and Expand INKA's Asset Management and Compliance Monitoring Services

- Enables Master KAG to Offer Intraday and Overnight Compliance Monitoring -
BURLINGTON, MA and LONDON – October 11, 2004 — Charles River Development, a leading provider of financial software and consulting services to the global investment management community, today announced that Internationale Kapitalanlagesellschaft (INKA) has selected the Charles River Investment Management System (Charles River IMS) to support its German and international equity and fixed income order management and compliance monitoring services.
INKA is a registered Master KAG based in Dusseldorf, Germany, with more than EURO 25 billon under management. In Germany, investment advisors do not perform compliance checks or produce regulatory reports for their clients.

Instead, each client appoints a Master KAG to perform these functions. As a Master KAG, INKA has selected Charles River Trader and Charles River Compliance, two components of Charles River IMS, to automate and expand these service offerings. Charles River Trader provides INKA with capabilities for securities order management and electronic liquidity access. Charles River Compliance allows INKA to perform global, real-time, pre-trade, post-execution, and portfolio-level compliance monitoring.

"We selected Charles River IMS because the system incorporates the industry’s most complete pre-trade compliance application with a comprehensive library of over 1,000 rules including German KAGG and UK FSA," said Bernd Franke, CEO at INKA. "Additionally, Charles River IMS gives us the flexibility to start using components of the system now and grow into the complete solution as our needs and resources dictate. For example, we plan to begin using FIX for trade execution with brokers later this year."

INKA commonly receives trade orders from investment advisors in the form of spreadsheets, text files and faxes, or via a variety of external trading platforms. A universal translation interface, developed by Charles River, will translate incoming trade orders into XML messages in real-time. These messages will seamlessly populate the Charles River Trader blotter (where INKA can easily manage large volumes of disparate orders) and Charles River Compliance will perform automated, real-time pre-trade compliance checks. INKA can then route compliant trades to external brokers or a custodian execution desk. The entire pre-trade compliance process can take as little as three seconds to complete.

Post-execution trade details returned to Charles River IMS allow INKA to run intra-day and portfolio-level compliance reports. In addition, an interface between Charles River IMS and INKA’s Vega fund accounting system eliminates the need to re-key data, which saves time, improves accuracy, and ensures timely reporting.

"The implementation of Charles River Compliance and Charles River Trader will eliminate a majority of INKA’s manual processes and significantly improve the firm’s operational efficiency and opportunity for growth," said Neil Tunley, Managing Director of Charles River’s European Operations.