Charles River Helps Buy-Side Firms Lower Trading Costs with Integrated TCA from SJ Levinson
September 10, 2013
Boston and New York – Charles River, an enterprise-wide, front- and middle-office investment management solution provider, today announced a strategic partnership to provide SJ Levinson & Sons’ global equity Transaction Cost Analysis (TCA) in the Charles River Investment Management Solution (Charles River IMS). Buy-side firms can lower trading costs by measuring investment strategies and broker performance more effectively in one system.
This integration expands Charles River’s TCA capability by embedding advanced analytics within Charles River IMS, allowing for greater transparency into the performance of portfolio managers, traders, brokers and venues. The offering includes pre-trade and post-trade analytics that support detailed evaluation of trading costs and trends, directly in the Charles River IMS.
"The Charles River IMS is at the core of our clients' investment process, essential to all stages of the trade life-cycle and the book of record for order history," said Des Gallacher, Vice President, Product Management, Charles River. "By introducing deeply embedded TCA across the workflow, we are able to provide traders and portfolio managers with critical analysis, to help improve investment decisions and ultimately reduce the cost of trading."
"We’re excited to partner with Charles River and believe their clients will benefit immensely from the addition of our TCA solution, TAP (Trade Analysis Program),” said Ethan Levinson, President, SJ Levinson & Sons. “TAP will arm portfolio managers and traders with the ability to effortlessly implement pre-trade strategies and analyze post-trade results, with extraordinary granularity across a wide range of time increments and perspectives, allowing them to make better and more informed trading decisions to maximize alpha."
About Charles River
Charles River provides an end-to-end solution to automate front- and middle-office investment management functions across asset classes on a single platform. The solution offers a simplified operating model that includes enterprise software, data, application management/upgrades, hosting and FIX network to improve investment professional productivity, control risk and lower technology costs. Charles River serves more than 350 investment firms in 43 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, pension and custody markets.
About SJ Levinson & Sons
SJ Levinson & Sons LLC is a closely-held firm headquartered in Purchase, New York, serving institutional clients worldwide via a vertically-integrated platform of cutting edge quantitative analytics, automated trading solutions, and execution services. SJ Levinson & Sons understands the challenges facing institutional clients in an increasingly complex global trading landscape and utilizes their collective market expertise and trading savvy to arm portfolio managers and traders with the sophisticated tools and visibility they need to gain transparency and outperform. SJ Levinson & Sons is a member of FINRA, NYSE and SIPC. For more information about SJ Levinson, go to: www.sjlevinson.com.