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Charles River Development Named "European Front Office IT Company of the Year" by Funds Europe

Charles River Development, a leading provider of financial software and services to the global investment management community, today announced that it has received the Funds Europe’s 2007 Award for “European Front Office IT Company of the Year.” Presented in London on November 29th, the designation recognizes Charles River for its innovative and reliable Charles River Investment Management System (Charles River IMS), and is the firm’s sixth major industry award for 2007.

“Again, Charles River IMS has been singled out as the most comprehensive, integrated front-office solution,” said Peter Lambertus, President and Chief Executive Officer, Charles River Development. “Collectively, these awards are given by a broad range of experts including industry leaders, analysts, editors and readers. They validate our leadership position in helping clients achieve high ROI through increased operational efficiencies and lower costs, whether deploying individual components of Charles River IMS or the full suite.”

Charles River IMS provides full multi-currency capabilities and supports all asset classes, including SWAPs and other complex derivatives, options, futures, fixed income, equities and foreign exchange. The system features comprehensive tools for the entire trading life cycle, offers integrated data and analytics and interfaces seamlessly with accounting systems, data warehouses and pricing feeds.

With the addition of Funds Europe, Charles River IMS has received top honors in six major industry competitions during 2007, including: Best Buy-Side Order Management System and Best Integrated Front-Office Platform, Buy-Side Technology; Best Buy-Side Order Management System, Trade Tech 2007; Best Portfolio Management System, Waters Reader Rankings 2007 and a ranking in the FinTech Top 100, American Banker/Financial Insights 2007.