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

Charles River Network Adds VPN Connectivity

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, has enhanced the Charles River Network, its broker-neutral financial network for global real-time electronic trading via FIX (Financial Information eXchange), with secure, internet-based Virtual Private Network (VPN) capabilities. This solution allows firms to use the internet, instead of traditional dedicated telecommunications infrastructure, to trade electronically via FIX. A secure VPN Interconnect Hub within the Charles River Network lowers cost and eliminates telecommunications infrastructure and complexity.

“The Charles River Network has always offered reliable global access to a wide variety of liquidity sources,” said Ed Fitzpatrick, Director, Network Services, Charles River Development. “Now, integrated VPN functionality gives investment managers and brokers with few counterparties, or those in remote locations with high telecommunications costs, a secure and low-cost alternative for FIX connectivity.”

“Charles River is seeing rapid adoption of FIX in emerging markets, such as China, Brazil and Mexico,” said Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. “VPN connectivity for FIX is particularly attractive for firms in these markets because they can quickly get up and running with little investment. Even for firms that want to use a dedicated telco infrastructure for FIX, there can sometimes be significant lead time for telco installation. In these cases, VPN connectivity is a good temporary solution.”

The Charles River Network is fully integrated with the Charles River Investment Management System (Charles River IMS) and provides low-latency connectivity to all major trading venues worldwide. Charles River IMS clients, who also subscribe to the Network, decrease their total cost of ownership via a single point of contact for both their investment management and electronic trading needs.

Launched in 2005, the Charles River Network now has more than 100 Charles River clients, over 400 brokers and more than 3,400 live broker-client connections. Charles River’s FIX Network Services include: complete FIX software administration; testing; certification; and connectivity management – improving connectivity speed and issues resolution, and decreasing trading errors due to improper configuration and testing.