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Overview
The Qualified Domestic Institutional Investor (QDII) scheme, established in 2006, allows approved Chinese banks, fund houses, security institutions and insurance companies to invest into international assets on behalf of their clients. Initially limited to fixed income and money market products, the scheme has since been expanded to include equity funds. The QDII program has presented Chinese asset managers with the opportunity to re-evaluate their front- and middle-office processes, with a focus on automating and streamlining their investment management operations across their newly expanded opportunity set. Traditionally, these operations have been handled via spreadsheets, or single-market, single-currency local Chinese systems. QDII managers are now looking to experienced international technology providers, such as Charles River Development, to advance their investment operations in line with industry best practices for both cross border and domestic Chinese investment operations.
Company profile
Charles River Development is an award-winning provider of innovative technology systems and services to 315+ investment firms in the global institutional, mutual fund, banking, hedge fund, wealth management, insurance and pension industries in more than 30 countries.
The Charles River Investment Management System (Charles River IMS) is a comprehensive front- and middle-office software suite for all asset classes. The system incorporates global real-time electronic trading via FIX through the Charles River Network, a broker-neutral financial network that is fully integrated with Charles River IMS. The company also offers implementation, application management services and hosting.
Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, New York, Paris, Singapore, Beijing and Tokyo.
In Asia Pacific, the firm serves over 100 client sites in Australia, China, Hong Kong, India, Indonesia, Korea, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam. The firm maintains Asia Pacific headquarters in Melbourne, offices in Tokyo and Singapore and has a regional presence in Sydney and Brisbane.
Charles River Products – Tailored to the Chinese Market
The Charles River Investment Management System (Charles River IMS) – available with full Chinese language capability and in tune with workflows and security types specific to China – streamlines processes from decision support through to settlement notification; helps set up workflows to manage a complex set of Chinese domestic and international instruments and portfolios; and offers industry endorsed, tested compliance rule libraries across 35 international regulatory frameworks.
Charles River Manager – Charles River Manager offers comprehensive tools, data, and connectivity for global portfolio management and strategy analysis. The system provides sophisticated top down asset allocation and model building tools and decision support capabilities such as “what if” analysis, real-time P&L, portfolio rebalancing, integrated data sources, order generation and more across all security types.
Charles River Compliance – Charles River Compliance provides global, real-time, pre-trade, post-execution and end-of-day compliance monitoring for all asset classes, powerful data administration, and serves as a central repository for compliance rules, alerts and resolution tracking. The system features a 1,700+ rule library, user-friendly tools and enables Web-based monitoring through the Charles River Anywhere portal.
Charles River Trader – Charles River Trader provides investment managers with comprehensive order management and electronic trading functionality for all asset classes. Incorporates FIX-based electronic trading via the broker-neutral Charles River Network, supporting IOIs, trade placement, executions, and allocations. Offers real-time pricing, broker management, program/list/algorithmic trading. Connects to brokers, DMAs, ECNs, ATSs, crossing networks, settlement venues.
Charles River Post-Trade – Charles River Post-Trade is an electronic post-trade processing hub for investment managers that centralizes trade matching, confirmation, and settlement workflow across all asset classes, domiciles, and protocols. The system streamlines trade routing to confirmation / affirmation venues by providing standardized, automated, and consolidated access. Allows for user-defined routing rules.
Charles River Performance – Charles River Performance, the performance measurement, attribution and risk module of the Charles River IMS, extends the portfolio management lifecycle. Users can directly store, mine, calculate, analyse and report on multi-asset and multi-currency performance and attribution data on a single platform.
Charles River Anywhere – Charles River Anywhere extends the reach of the Charles River IMS, giving users the choice of how, where and when to monitor and manage real-time portfolio, compliance, trade, and post-trade information securely via any web-enabled device.
Charles River Application Management
Charles River’s Application Management and Hosted Application Management offer complete remote or hosted administration for the Charles River Investment Management System (Charles River IMS). Application Management allows clients to house hardware and software at their facility and leverage existing in-house infrastructure and security, while Hosted Application Management provides all the services of Application Management with the additional benefit of a fully-outsourced solution for Charles River IMS in our highly secure, Tier One hosting centers. For both solutions, Charles River provides cost-effective resources based on changing business and IT requirements.
Charles River Professional Services
Charles River offers clients a comprehensive support services network to meet standard, unique and evolving needs. Over the course of each client partnership, Charles River can assist with initial system implementation, detailed business workflow analysis, education and training, or specialized one-time project assistance, such as upgrade management or the building of new compliance rules. Every project is staffed with product-certified experts. To best serve the Chinese market, Charles River provides regionally-based bilingual Mandarin/English implementation and technical support services, as well as additional bilingual professionals based across our offices worldwide.
Advantages of the Charles River Investment Management System
- Comprehensive order management system and execution management system capabilities, including algorithmic trading, pre-, in-trade, and post-trade transaction cost analysis (TCA), direct market access (DMA), automated order routing, access to real-time pricing and security fundamentals, market depth and program trading.
- Connectivity via FIX allows easy access to third party liquidity pools, electronic communication networks (ECNs), alternative trading systems (ATSs), execution venues and exchanges for both QDII managers as well as licensed foreign investors.
- Full commitment to the adoption of the STEP Protocol as a key strategic initiative for our domestic Chinese client partnerships.*
- Supports all security types including global equities, fixed income, money market securities, foreign exchange and complex derivatives including swaps.
- Integrated asset allocation capabilities for category or security level modeling, currency or derivatives overlay, as well as strategic and tactical asset allocation capabilities.
- Decision support with full multi-currency capabilities across all asset classes and markets.
- Enables cash management and forecasting, exposure measurement, integrated analytics, and Web reporting.
- Provides scenario, pre-trade, post-execution, and end-of-day compliance monitoring.
- Industry-endorsed, tested global 1,700+ rule library across 35 regulatory bodies and more than twenty countries.
*As an active member of the Asia Pacific regional FIX Protocol Limited (FPL) committees Charles River is involved in the ongoing development of the FIX Protocol and its usage within the Asia Pacific Markets. A key FPL initiative for the Chinese domestic market is the STEP variant to provide support for direct connectivity to the Next Generation Trading System (NGTS) currently under implementation across the local Chinese exchanges.
Contact your local team
Beijing Office:
Charles River Development Incorporated
Level 19, Tower E2
Oriental Plaza, 1 East Chang An Avenue,
Dong Cheng District,
Beijing 100738
China
Telephone +86 10 8520 0074/8520 0075
Fax +86 10 8520 0550
Sales inquiry:
Mark McBurnie
+61-400-016-188 (Mobile)
+61-3-8628-0122 (Direct)
+61-3-8628-0100 (Main)
MarkMcBurnie@crd.com