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TradeTech 2008 Names Charles River IMS Best Buy-Side OMS for Second Consecutive Year

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that the Charles River Investment Management System (Charles River IMS) received the TradeTech 2008 award for “Best Buy-Side Order Management System” for the second consecutive year.

“We’re honored that TradeTech has once again recognized Charles River IMS as the market leading system for buy-side firms,” said Peter Lambertus, President and Chief Executive Officer, Charles River Development. “The industry is constantly evolving, and our comprehensive investment management system provides business critical tools. More than 280 investment firms worldwide, including 70 in Europe, rely on Charles River to comply with customer mandates and prepare for future growth.”

The award, presented April 23rd at TradeTech 2008 in Paris, recognizes Charles River as the leading order management system provider for European investment firms in terms of user satisfaction, cost efficiency, reliability and speed.

User satisfaction – Investing over 20% of annual revenue on research and development, Charles River continually enhances its software, based on client feedback, to address local and regional regulation, asset class, trading or language requirements. Dedicated teams provide on-the-ground consulting, customized solutions and services, including: remote and hosted managed services, implementation services and FIX administration.

Cost efficiency – Integrated modules and components can be deployed individually or together to lower costs and increase operational efficiencies. Out-of-the-box reporting, customizable tools and a manageable upgrade path ensure ease-of-use and streamline implementation efforts.

Reliability – Charles River IMS supports the most stringent high-availability and disaster recovery requirements for any size firm, including those processing hundreds of thousands of daily trades, representing millions of positions and tens of thousands of accounts. A 24x7 “follow-the-sun” global support strategy ensures prompt, professional service day or night.

Speed – Charles River’s service-oriented architecture (SOA) supports very high volume trade processing and continuous 24x7 global operations.

The TradeTech 2008 award is the latest in a series of industry recognition that includes: European Front Office IT Company of the Year, Funds Europe 2007 Awards; Best Buy-Side Order Management System and Best Integrated Front-Office Platform, Buy-Side Technology 2007 Awards; Best Buy-Side Order Management System, TradeTech 2007; Best Portfolio Management System, Waters Reader Rankings 2007; and FinTech Top 100, American Banker/Financial Insights 2007.