AES provides investment managers with the ability to efficiently execute trades using the same suite of automated, algorithmic trading strategies employed and developed by CSFBâs team of quantitative analysts and traders. Developed through comprehensive execution research and continuous live experimentation by CSFBâs aforementioned team, the strategies are currently in use by over 250 CSFB clients. Todayâs partnership will give investment managers the ability to place and execute trades using CSFB AES via FIX directly from Charles River IMS. Traders who take advantage of the strategies can reduce market impact and improve trading performance vs. benchmarks in North American, European, and Asian markets.
Charles River IMS is a comprehensive, integrated, front and middle office software suite for portfolio management, electronic trading and order management, and real-time securities compliance monitoring. "Charles River IMS is in use at several of our most valued clients," said Manny Santayana, director, AES Sales for the Americas at CSFB. "We are looking forward to deploying our market leading algorithms to these customers globally, in conjunction with Charles River," he said.
"Credit Suisse First Bostonâs sophisticated trading algorithms have proven to be an extremely successful execution tool for CSFBâs traders and promise to be equally as effective for our clients," said Peter K. Lambertus, CEO and president at Charles River Development. "Our clients expect superior functionality, powerful features, and unmatched performance from Charles River IMS, and we are committed to meeting those expectations by continuing to add innovative capabilities that facilitate order efficiency and increase productivity."
Access to CSFB Advanced Execution Services (AES) is available in the recently released Version 7.2 of Charles River IMS at no additional charge to clients. Charles River IMS v7.2 is the second deliverable in Charles River's next-generation technology strategy to offer its market-leading investment management suite on an open, platform-independent, services-based architecture that is able to scale and transform in conjunction with an investment manager's evolving business model. Version 7.2 delivers a new Java-based Compliance engine, Web-based reporting tools, an XML/XSL Trade Gateway, and additional Messaging and Web Services APIs for systems integration. In addition to rules-based trading capabilities, Charles River IMS v7.2 incorporates numerous functionality upgrades including enhanced portfolio modeling capabilities, Mortgage trading and TBA processing functionality (including EPN connectivity), FIX-based fixed income allocations, and support for ISO15022 standards.