âCharles River supported FIX connectivity for many years prior to launching the Charles River Network,â said Tom Driscoll, Managing Director-Global, Charles River Development. âIts rapid growth reflects our clientsâ increased demand for an integrated trading system and FIX network. FIX is becoming increasingly more complex and we simplify that for our clients. Our point-to-point architecture makes it easy for clients to utilize new FIX capabilities and supports multiple asset classes, including algorithmic trading, FIX allocations, fixed income, futures, options and FX. Our network allows our buy-side clients to access diverse pools of liquidity and more easily access a broad range of their brokerâs execution services at a lower cost.â
The full integration of Charles Riverâs trading system and FIX network ensures seamless operation, eliminates the need for multiple systems, and provides quick âone-stop supportâ for all investment management and FIX-related issues. More than 90% of new Charles River clients use the Charles River Network for electronic trading. Over 75% also select Charles Riverâs comprehensive remote FIX administration services that provide continuous trade support, network and software management, and broker testing, certification, configuration and monitoring â that ensure high ROI by eliminating the need for internal FIX specialists.
The Charles River Network is based on the BT Radianz global financial extranet, leverages the CameronFIX engine, and supports electronic trading via FIX for all asset classes. It offers connections with hundreds of broker-dealer destinations, 250 algorithmic strategies from 30+ algorithmic brokers, foreign exchange banks and crossing networks.