LONDON and BURLINGTON, MA, August 1, 2005 â Charles River Development, a leading provider of financial software and services to the global investment management community, today announced that Nextra Investment Management SGR has chosen Charles River Compliance to monitor its assets globally. Nextra Investment Management SGR (Nextra) is the asset management company of the Intesa Group in Italy and a leading European asset manager with more than U.S. $115 billion in assets under management. Charles River Compliance, a module of the Charles River Investment Management System (Charles River IMS), provides Nextra the ability to perform global, real-time pre-trade, post-execution, and end-of-day compliance monitoring.
After a detailed selection process, Nextra chose Charles River, as it was the only company that fulfilled the Milan-based firmâs technological, functional, and implementation needs. Charles River demonstrated its commitment to the Italian market with knowledge of the compliance requirements and experienced Italian-speaking implementation and support staff. In addition, Charles Riverâs open architecture strategy allows for rapid integration and as a result a shortened implementation for the client.
Charles River Compliance, recently ranked 2005 Top Compliance System by Global Investor magazine, offers global, real-time pre-trade, post-execution, and end-of-day compliance monitoring for all security types and helps investment managers and custodians ensure consistent adherence to the most stringent client, fund, regulatory, and complex-wide guidelines. The system supplies comprehensive regulatory and general example standard rule libraries, a rule building wizard, pre-trade "what if" capabilities, and provides real-time notification of compliance events. Monitoring over $12 trillion in assets, it is highly scalable and meets the most challenging processing requirements of the largest asset managers. Charles River Compliance is available as a standalone application, or as part of the Charles River Investment Management System, which also includes Charles River Manager for portfolio management and modeling, and Charles River Trader for order management and electronic trading.