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Metzler Asset Management Leverages the Charles River Investment Management System to Triple Trade Volumes

Charles River Development, an award-winning provider of financial software and services to the global investment management community, today announced that Metzler Asset Management (Metzler), a core business of Germany’s oldest private bank with an unbroken tradition of family ownership and with over EUR 35 billion in assets under management, has tripled its trade volumes since implementing the Charles River Investment Management System (Charles River IMS) in 2007.

“Before we were on Charles River IMS we struggled to handle even small trading volumes,” said Reinhardt Damm, Head of Buy Side Execution Desk, Metzler. “Our traders spent a lot of time on the phone with brokers allocating trades or correcting discrepancies in information. Charles River gives us the scalability to grow our business and we have increased our trade volumes three times with the same number of traders. Equally important, our custodians now receive trades within an hour of execution and we book 95% of our trades on T+1.”

Charles River IMS also enables Metzler to support instruments such as swaps and expand its Master KAG business which serves institutional asset managers in the overall administration of funds. Following implementation of Charles River IMS this business has grown substantially to EUR20billion.

“We required a flexible system to handle the increasingly complex instruments we are trading,” commented Thorsten Köble, Prokurist/Senior Business Analyst, Metzler. “Charles River IMS has an easily configurable, Web-based architecture and tight integration with external trading venues and vendors. This gives us high levels of straight-through processing and more transparency which impresses prospective clients.”

According to Jon Steward, Managing Director, EMEA, Charles River, Metzler also benefits from the Charles River Network for real-time electronic trading via FIX. “The Charles River Network is fully integrated with Charles River IMS giving Metzler a centralized and consistent platform for connecting to brokers of their choice,” said Steward.