Charles River Development Connects to Instinet's Asian ATS Platforms

24 July 2008

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that it has connected to global agency broker Instinet’s Japanese and Korean ATS platforms. The broker-neutral Charles River Network is fully integrated with the Charles River Investment Management System (Charles River IMS). Charles River IMS users can now access Instinet’s KoreaCross™, JapanCrossing™ and CBX™ Japan.

"Increasingly, our clients around the world are demanding new trading tools and strategies for markets with little anonymity, like Japan and Korea," said Cameron Field, Managing Director, Asia-Pacific, Charles River Development. "This integration with Instinet gives our clients the ability to easily and anonymously trade large blocks and illiquid and sensitive orders of Japanese and Korean equities."

"As unbundling continues to take hold, traders in Asian markets are increasingly turning to electronic trading platforms that can provide high execution quality results and ultimately translate into superior returns," said Christian Chan, head of electronic trading, Asia, at Instinet. "We are pleased to certify the Charles River Network for neutral, dependable and secure access to deep pools of liquidity and provide Charles River’s IMS customers access to our electronic trading tools in Asia."

Launched in 2005, the Charles River Network supports electronic trading via FIX for all asset classes, including equities, futures, options and foreign exchange. Instinet, which offers more than 50 global equity trading venues including stock exchanges, alternative trading systems and liquidity pools, joins 2,500 live broker-client connections on the Charles River Network. Over 100 broker-client connections are added each month to the Charles River Network, which now includes over 100 buy-side clients and over 330 tested and certified brokers. More than 90% of new Charles River clients use the Charles River Network for electronic trading.

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