Charles River Development and Omgeo Deliver Straight-Through Processing for Japanese Investment Firms

Charles River Development, (Charles River), an award-winning provider of financial software and services to the global investment management community, and Omgeo, a leading provider of post-execution trade management services, have expanded efforts to provide mutual clients in Japan with a full front- to back-office straight-through processing (STP) solution to automate processing of domestic and international trades, including settlement of Japanese equities. Japanese investment firms can leverage the Charles River Investment Management System (Charles River IMS) for global electronic trading via FIX (Financial Information eXchange) via the secure and private Charles River FIX Network. They can also link directly from Charles River IMS to Omgeo’s suite of products, including its Omgeo Central Trade Manager (Omgeo CTM), for trade matching.

"We are expanding our regional presence and enhancing partner relationships to accommodate growing demand in Japan for Charles River’s products and services," said Cameron Field, Managing Director-Asia Pacific, Charles River Development. "As a member of Charles River’s Partner Integration Certification Program, Omgeo has a joint commitment with Charles River, which we are strengthening, to support mutual clients in Japan with integrated and seamless real-time trade matching."

Charles River was the first vendor to link directly to Omgeo CTM, and offers interfaces to Omgeo’s Oasys Global and Trade Match products through its Charles River Post-Trade module. Nearly 20 clients worldwide, including several in Japan, use Charles River IMS to link directly to Omgeo CTM. Charles River serves 18 clients in Japan, including three of country’s leading investment firms, who use Charles River IMS for domestic and international portfolio management, trading and compliance.

"Japan is an extremely important market for Omgeo. We are committed to helping clients achieve the efficiencies of true STP by partnering with leading service providers such as Charles River in the region," said David Estrada, Representative Director, Omgeo. "We have had a very close working relationship for many years, and we are excited to help our mutual clients go from strength to strength in their trade processing capabilities."