âBlueBay focuses on alternative and fixed income credit funds and we are pleased with Charles River IMSâs current and planned support for the trading, portfolio modelling and compliance monitoring of complex security types such as credit derivatives,â said Simon Lumsdon, head of IT, BlueBay Asset Management. âThe integration of the full suite of Markit data into Charles River IMS will extend our ability to execute credit derivative trading workflows efficiently. The use of the industry accepted RED code, entity name, reference obligation and credit index data will allow for standardised trading with our counterparties as well as improve our post-trade workflow by enabling electronic matching through DTCC Deriv/SERV. The partnership truly leverages the breadth of Markitâs credit derivatives data with Charles Riverâs comprehensive OMS workflows.â
Markit REDTM (Reference Entity Data) is the industry standard for reference entity and reference obligation identifiers used throughout the credit default swap (CDS) markets, including on-line trading, standard documentation and trade settlement.
Charles River IMS, the market-leading front- and middle-office software suite for all security types, includes four components: Charles River Manager for portfolio management and modelling, Charles River Trader for order management and electronic trading, Charles River Compliance for real-time pre-trade and end-of-day compliance and Charles River Post-Trade for centralised management of trade matching, confirmation and settlement workflow. The system incorporates real-time FIX trading via the Charles River Network, a reliable, secure, private financial network.