Charles River Development

Charles River IMS Wins Buy-Side Technology Awards 2008 for "Best Buy-Side OMS" and "Best Integrated Front-Office Platform" for 2nd 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 Buy-Side Technology Awards 2008 has named the Charles River Investment Management System (Charles River IMS) “Best Buy-Side Order Management System” and “Best Integrated Front-Office Platform” for the second consecutive year.

“In selecting Charles River IMS for these two awards, Buy-Side Technology applied the same quantifiable product selection measures used by investment management firms to evaluate business-critical front- and middle-office systems,” said Peter Lambertus, President and Chief Executive Officer, Charles River Development. “Once again, these awards validate our continued R&D investment – the highest in the investment management system space – which helps buy-side firms improve trading efficiency, streamline operations and reduce costs.”

These two Buy-Side Technology awards, which will be presented November 7th in London, recognize Charles River as the leading order management system and front-office platform provider for buy-side firms in terms of portfolio management, trading and execution, and compliance functionality – offering complete trade cycle support across a broad range of asset classes, currencies and portfolios.

Charles River’s latest generally-available release (Charles River IMS Version 8.2) includes new and enhanced capabilities, including: customized tools for streamlining workflows; fully-integrated real-time market data; pre-trade, in-trade and post-trade Transaction Cost Analysis (TCA); enhanced support for a broad array of credit and rate derivatives and fixed income instruments; as well as sophisticated compliance capabilities and expanded ‘pre-built’ rule libraries to support new global and local regulatory requirements.

These consecutive Buy-Side Technology awards are the latest in a series of recent industry recognition for Charles River IMS that includes: Best Buy-Side Order Management System, TradeTech 2008, 2007; FinTech Top 100, American Banker/Financial Insights 2008, 2007; and European Front Office IT Company of the Year, Funds Europe Awards 2007.