Germany’s Oldest Private Bank, Metzler, Selects Charles River Development to Upgrade Electronic Trading Operations

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that Metzler Investment GmbH, privately owned since 1674, with €30 billion of assets under management, has selected the Charles River Investment Management System (Charles River IMS). Metzler’s growing order management and electronic trading operation required an integrated investment management system with FIX (Financial Information eXchange) connectivity to support straight through trade processing. Metzler will implement Charles River Trader and Charles River Post-Trade in Frankfurt, Germany followed by its operations in Dublin, Ireland. The Charles River Network will also enable Metzler users with direct-connect FIX access to global trading destinations.