Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today launched its Japan User Group, an executive forum for Charles Riverâs domestic and international Japanese clients. The first of its kind in Japan by a global investment management system provider, the Japan User Group provides a forum for clients to discuss how Charles River can support critical Japanese business and regulatory issues, including Japanâs Financial Instruments and Exchange Law (J-SOX) â Japanâs equivalent to Sarbanes-Oxley â which goes into effect on April 1, 2008. Over 30 representatives from 15 leading Japanese financial institutions participated in the inaugural meeting, held August 29th in Tokyo and hosted by Daiwa SB Investments Limited.
âThis new user forum reflects Charles Riverâs commitment to giving Japanese clients a voice in how Charles Riverâs products and services are developed to best meet Japanâs unique business and investment requirements,â said Mr. Atsuo Tachikawa, Deputy General Manager â IT, Daiwa SB Investments Limited. âThe Japanese users of the Charles River Investment Management System (Charles River IMS) not only serve as advisors at the forum but are also brought together as peers. It is a true opportunity to discuss the Japanese market, gain consensus, provide open feedback and validate the workflow of each function of Charles River IMS across all asset classes, including Japanâs equity instruments.â
Clients openly shared their views on Charles River IMSâ portfolio management, pre-trade, post-execution and end-of-day compliance monitoring capabilities. Discussions also focused on the growing interest in Asia-Pacific for global electronic trading of Japanese equities via FIX (Financial Information eXchange), the impending J-SOX regulations and Charles Riverâs ability to meet these demands. Other product enhancements to improve workflows for Japanese clients were also reviewed, including Multiple Order Placement, Trader Placement Checks and Cross Trading Checks.
âLaunching the Japan User Group Forum was given high priority, as we value our clientsâ feedback and is part of our client-focused strategy in helping them grow in new markets by integrating best practices and unique requirements into Charles Riverâs products and services,â said Cameron Field, Managing Director of Asia-Pacific, Charles River Development. âOur clientsâ response to this new local forum has been overwhelmingly positive and exemplifies the level of acceptance and strong local presence Charles River has in the Japanese market. We are committed to maintaining Charles Riverâs leadership position in Japan as the investment management system of choice by implementing new ways to help our clients meet their domestic and international business goals.â