Buy-Side Technology Awards Charles River Investment Management System "Best Buy-Side OMS" and "Best Integrated Front-Office Platform"

Boston, London, Melbourne, Paris and Singapore - 5 November 2007

Charles River Development, a leading provider of financial software and services to the global investment management community, today announced that its Charles River Investment Management System (Charles River IMS) has received two Buy-Side Technology 2007 awards for "Best Buy-Side Order Management System" and "Best Integrated Front-Office Platform."

“We’re honored to receive these awards which validate Charles River IMS as the industry’s benchmark solution for order management and integrated front-office systems for buy-side firms,” said Peter Lambertus, President and Chief Executive Officer, Charles River Development.

The inaugural awards, which were presented on November 2 at the Buy-Side Technology Awards 2007 function in London, recognize Charles River as the leading order management system and front-office platform provider for investment firms in terms of multi-asset class coverage, functionality and integration.

Charles River IMS provides full multi-currency capabilities and supports all asset classes, including SWAPs and other complex derivatives, options, futures, fixed income, equities and foreign exchange. The system features comprehensive tools for the entire trading life cycle, offers integrated data and analytics and interfaces seamlessly with accounting systems, data warehouses and pricing feeds.

The Buy-Side Technology 2007 awards are the latest in a series of industry recognition that includes: Best Buy-Side Order Management System, Trade Tech 2007; Best Portfolio Management System, Waters Reader Rankings 2007, 2006, 2005; Buy Side Software Leader for the 21st Century, Financial News 2006; Most Innovative Order Management System, Financial-i 2006; and FinTech Top 100 American Banker/Financial Insights 2006, 2005, 2004.

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