Charles River Development’s 10th Annual Client Conference Showcases Enterprise-Wide Solutions for Buy-Side Firms
550+ attendees explored integrated capabilities that save time, cost over maintaining multiple systems.
Boston, Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo – May 24, 2010 – Charles River Development (Charles River), a front- and middle-office investment software solutions provider, today announced that over 550 attendees, representing 144 buy-side firms from 15 countries, participated in Future Ready, its 10th Annual Client Conference, held May 16 - 19 in Boston.
“Our Conference offers clients a great opportunity to hear about Charles River’s short- and long-term plans, while viewing the breadth of our enterprise solution that covers front- and middle-office operations in a single system,” said Peter K. Lambertus, President and CEO, Charles River Development. “Over the past 18 months, cost reduction has been a top priority for most, if not all, of our buy-side clients. This made discussions on advances in our hosted/application management services, and upcoming packaged data offering particularly relevant.”
Attendees discussed industry trends and explored Charles River’s product and service solutions through hands-on training, and over 64 presentations. Sessions included: combining order and execution management functionality (OEMS); supporting Wealth Management workflows for high volume SMA, UMA and UMH accounts; calculating, analyzing and reporting on multi-asset/multi-currency performance measurement, attribution and performance risk data (PMAR); monitoring global transparency directives for complex derivatives and other instruments; lowering total cost of ownership with Hosted and Application Management; and best practices for upgrading to Version 9, the latest release of the Charles River Investment Management System (Charles River IMS).
“A Conference stand-out were demonstrations of our combined Order Management System (OMS) and Execution Management System (EMS) capabilities now available in Version 9,” said Tom Driscoll, Managing Director-Global, Charles River Development. “Clients are highly-interested in the workflow and cost advantages of a consolidated OEMS platform, compared to maintaining multiple applications.”
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 35 countries. The Charles River Investment Management System (Charles River IMS) is an institutional-class 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.
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.
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). Charles River also offers comprehensive FIX network and implementation services, as well as hosting and application management solutions.
Founded in 1984, Charles River maintains headquarters in Boston and primary offices in Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo and has a local presence in every other major financial center 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 Buy Side Technology Firm, Asia Asset Management Best of the Best Awards 2009; Best Risk Management System, AsianInvestor 2009 Service Provider Awards; and FinTech Top 100, American Banker/Financial Insights 2009.
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