InvestTech Systems Consulting Assists Diversified Wealth Management Firm With Real-Time Integration Between Charles River IMS and Cadis

3 May 2011

InvestTech Systems Consulting, Inc., the leading Investment Technology and Investment Operations consulting firm for institutional investment managers, recently completed an integration project for a large diversified wealth management company. The engagement involved integrating the Cadis Enterprise Data Management platform and the Charles River Investment Management System (Charles River IMS) using real-time XML messaging that leveraged Message Oriented Middleware (MOM), as well as overnight batch interfaces.

The Client’s objective was to utilize Cadis as the "gold copy" for reference data. InvestTech reconfigured overnight batch scripts and processes to seamlessly interface Charles River IMS with Cadis. Security, ratings, industry, and prices, as well as other critical data elements, were loaded from Cadis to Charles River IMS nightly.

Additionally, InvestTech assisted the Client with a new, real-time security set-up process. InvestTech coordinated and configured an XML real-time MOM component to communicate bi-directionally between Charles River IMS and Cadis. The Charles River users can now request a new security, and the new security is set up in Cadis and brought back into Charles River immediately. By leveraging messaging, this process appears seamless to the user. The InvestTech Team worked on-site with the Client’s project group providing system analysis, design, development, quality assurance testing, and system support throughout the project.

Bennett Kaplan, InvestTech Principal, commented, “This project reflects InvestTech’s breadth of industry systems experience and depth of technical skills to fast-track the integration of an order management system with a data management platform.” Mr. Kaplan added, “InvestTech provides experienced consultants with business analysis and integration expertise who have worked with every leading investment technology. This experience translates to efficient and cost-effective integration engagements for our clients.”

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