AsianInvestor Names Charles River Investment Management System “Best Risk-Management System”
Buy-side trading desks vote Charles River IMS leading APAC solution for decreasing risk exposure
Boston, Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo — October 16, 2009 — Charles River Development, a front- and middle-office software solutions provider for investment firms, today announced that the Charles River Investment Management System (Charles River IMS) was named “Best Risk-Management System” by the AsianInvestor 2009 Service Provider Awards, based on nominations by 50 leading buy-side trading desks. The award was presented on October 15 in Hong Kong.
“More than 300 investment firms worldwide, including 50 firms across 100 client sites in 14 Asian-Pacific countries, rely on Charles River IMS to address customer mandates, firm-wide restrictions and regulatory changes in real-time,” said Cameron Field, Managing Director, Asia Pacific, Charles River Development.
Charles River Compliance is the pre-trade, post-execution and end-of-day compliance management and monitoring module of Charles River IMS. Offered individually or part of a tightly-integrated suite, the module automates the compliance process by standardizing workflow and providing real-time management of compliance operations. Charles River Compliance offers advanced rule-building and maintenance tools, comprehensive testing and reporting functionality, and data administration. Users can reduce risk by calculating and monitoring gross and net exposures to any asset class, such as rate and credit derivatives.
Pre-built rule libraries contain over 1,700 regulatory and general example rules across 35 regulatory bodies and 20 countries, including numerous Asia Pacific regulations across Hong Kong, Singapore, Japan, and Australia. A ‘natural language’ rule wizard allows users to build compliance rules, without programming, based on unlimited parameters.
Charles River supports clients in Asia-Pacific with 55 specialists, many bilingual Mandarin/English and Japanese/English speakers. Charles River maintains Asia Pacific headquarters in Melbourne, offices in Beijing, Tokyo and Singapore, and a regional presence in Brisbane, Hong Kong and Sydney.
About Charles River Development
Charles River Development is a front- and middle-office software solutions provider to over 300 investment firms in the institutional, wealth management/trust, alternative, mutual fund, insurance, pension fund and fund administration/custody markets in 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 and attribution. Charles River IMS modules are offered individually or as a suite.
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 is all major financial centers of the world.
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