Charles River Development Releases Charles River IMS Version 9.1
Introduces advanced execution management, high-volume wealth management capabilities, new performance measurement, attribution and performance risk module
Boston, Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo – January 7, 2010 – Charles River Development, a front- and middle-office software solutions provider for investment firms, today announced the release of Version 9.1 of the Charles River Investment Management System (Charles River IMS). This production release, which completes Charles River’s transition to a service-oriented architecture (SOA), fully integrates order and execution management capabilities (OEMS) in a single platform. Version 9.1 supports high-volume wealth management accounts, and introduces a new module for performance measurement, attribution, and performance risk analysis (PMAR). The system’s real-time, event-driven trader blotter and new user interface streamline application workflows and improve the user experience.
According to President and CEO Peter Lambertus, more than 25 clients participated in the beta program and validated that Version 9.1 delivers critical functionality such as execution management, increased support for wealth management, fixed income and derivatives instruments and analytics. “Version 9.1 is the only single, consolidated platform that provides complete order and execution management and PMAR. Our first client is already live on Version 9.1, leveraging the system’s wealth management capabilities as well as Charles River Anywhere’s remote order routing functionality.”
Advanced wealth management capabilities support large volumes of complex managed account products, including SMAs, UMAs, UMHs, and discretionary managed portfolios. Portfolio managers and financial advisors can construct and rebalance portfolios and ensure tax optimization across single accounts, multi-sleeve accounts and households. The Charles River Anywhere Web-based workstation provides tools for remote account and position monitoring, order generation, trading and report viewing.
Version 9.1’s integrated advanced execution management functionality delivers improved workflow and audit controls compared to third-party execution management system alternatives. From a single desktop, users can access: algorithmic and program trading; real-time data; watch lists and integrated news; integrated pre- and post-trade transaction cost analysis; trade analytics; direct market access; automated smart order routing; and extensive customization options.
Available as a stand-alone module or as part of the Charles River IMS suite, Charles River Performance enables users to calculate, analyze and report on multi-asset and multi currency performance measurement, equity and fixed income attribution, and a variety of performance risk measures – across portfolios, indexes, benchmarks and GIPS (Global Investment Performance Standards) composites.
Other key Version 9.1 enhancements include: new and expanded support for IRS/CDS Swaptions, CDS/TRS Baskets and other derivatives; advanced trading analytics for real-time implementation shortfall monitoring; enhanced futures roll capabilities; new support for volatility surfaces and enhanced swap curve construction features; FX pair-based internal crossing; as well as new functionality for reviewing compliance ‘as of’ any historical date.
About Charles River Development
Charles River Development is a front- and middle-office software solutions provider to more than 300 investment firms in the institutional, wealth management/trust, alternative, mutual fund, insurance, pension fund and fund administration/custody markets in over 30 countries. The Charles River Investment Management System is a multi-asset, multi-currency software suite that consists of five main modules: Charles River Manager for portfolio management and modeling; Charles River Compliance for real-time pre-trade, in-trade, post-execution and end-of-day compliance monitoring; Charles River Trader for order management, electronic trading and execution management; Charles River Post-Trade for the centralized management of trade matching, confirmation, and settlement workflow; and Charles River Performance for daily performance measurement, attribution, and performance risk.
The system is fully integrated with the Charles River Network, a broker-neutral, financial network that incorporates global real-time electronic trading via FIX (Financial Information eXchange). The company also offers implementation, application management services and hosting solutions.
Charles River IMS features a modern, proven, N-Tier service oriented architecture (SOA) that is highly scalable and supports continuous 24x7 operations. Message-based APIs and exposed Web Services facilitate rapid systems integration.
Founded in 1984, Charles River maintains headquarters in Boston, primary offices in Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo, and has a local presence and sales and service partners in all other major financial centers of the world.
Charles River is the recipient of numerous recent industry awards including: Best Buy-Side Order Management System and Best Integrated Front-Office Platform, Buy-Side Technology 2009 Awards; Best Risk Management System, AsianInvestor 2009 Service Provider Awards; and FinTech Top 100, American Banker/Financial Insights 2009. |
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