Case Study The award-winning Charles River Trader provides all of the tools dealers need for the entire trading process from counterparty discovery, trade placement, execution, and allocation to downstream trade processing. Designed from inception as a global system, Charles River Trader provides full multi-currency capabilities, supports all asset classes (including equity, fixed income, derivatives, and foreign exchange), accommodates customized workflows and trading desk setups, and allows for 24 X 7 operations.
A real-time and user-configurable blotter consolidates all trading activity to help dealers efficiently manage and execute incoming orders from multiple sources. It provides real-time order / trade status, embedded broker-supplied algorithms, advanced trading functionality, integrated pre-trade and post-execution compliance monitoring, and administrative tools for order and broker management. FIX-based electronic trading through the Charles River Network connects dealers to global brokers, electronic communication networks (ECNs), alternative trading systems (ATSs), direct market access (DMA) services, and more.
Equity Highlights
- View indications of interest (IOIs), executions, real-time pricing, and transaction cost analysis (TCA) data and analytics in the trading blotter
- Access global market data
- Set up trader, broker, and account defaults
- Place a single order with multiple brokers
- Manage program and list trading
- Split / merge orders; manage contingent orders
- Maintain directed and step-out broker and soft commission defaults
- Run pre-trade and post-execution compliance
- Automatically send allocations to settlement venues from the trading blotter
- Generate comprehensive and customized reports
Fixed Income / Fixed Income Derivatives / Foreign Exchange Highlights
- Set up new securities from the blotter in real time
- Conduct comprehensive, multi-currency cash management
- Seamlessly connect to fixed income and foreign exchange electronic trading destinations
- Send orders to the desk for execution, execute as a 'done-deal', or route to electronic venues
- Trade mortgage-backed, asset-backed, and collateralized mortgage obligation securities with TBA ('to be announced') processing capabilities
- Trade generic orders (characteristic-based trade requests)
- Trade on approved issuer limits ('room in a name')
- Conduct repo trading with collateral tracking
- Track bids
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