Email Contact Phone Company Visit Website

Boston, MA Head Office

700 District Avenue

London Office

6th Floor, 6 Devonshire Square

New York, NY Office

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

Beijing Office

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

Melbourne Office

Charles River Development, Inc Level 12, 350 Collins Street

Singapore Office

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

Tokyo Office

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

Hong Kong Office

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

Paris Office

Charles River Development 17 Square Edouard VII


781 425 6147


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

Settlement Technology is Key Focus of Charles River Development’s Canadian Client Seminar as NI 24-101 Goes into Effect

Achieving same-day trade matching of institutional orders is viewed by many in the Canadian securities industry as an opportunity to create best practices for market efficiency. In fact, post-trade processing was the number one issue of more than a dozen leading investment firms who attended Charles River Development’s (Charles River) Canadian Client Seminar, held in Toronto days after Canada’s National Instrument 24-101 (NI 24-101) rule requiring initial policies and procedures for institutional post-trade matching and settlement went into effect on April 1st. According to Charles River, technology plays a critical role in facilitating straight-through processing (STP) by automating the entire trading process and connecting all those involved in executing or clearing trades.

“Given the backdrop of NI 24-101, settlement and the ability to facilitate same-day affirmation of trade results is a key focus for our Canadian clients,” said Tom Driscoll, Vice President Sales & Marketing, Charles River Development. “Charles River is seeing increasing numbers of buy-side firms that want to replace manual processes to gain efficiencies that save time and reduce the likelihood of costly errors and failed trades. Automating the trade life cycle from portfolio management through settlement is critically important for firms preparing for the new regulations.”

Charles River Investment Management System (Charles River IMS) enables investment managers to manage post-trade processes with all trade parties (brokers/custodians, utilities, etc.). Charles River IMS and its Post-Trade module streamline trade routing and management with popular venues by providing standardized, automated interfaces and messaging options. The system provides support for FIX (Financial Information eXchange) allocations, and embedded rules-based functionality allows traders to automatically route FIX allocations to the correct counterparties in real time. By automating the post-trade process, Charles River IMS reduces costs and errors, improves risk management and enhances settlement for each transaction across all security types, domiciles and protocols.