Charles River Development Integrates Access to UBS Perimeter Algorithm
Clients gain enhanced algorithmic trading strategies targeting US auctions, imbalances, and sessions outside regular market hours
Boston, London, Melbourne, New York, Paris, Singapore and Tokyo — July 28, 2009 — Charles River Development, an award-winning provider of financial software and services to the global investment management community, today announced that the Charles River Investment Management System (Charles River IMS) is fully integrated with UBS Perimeter, a new US algorithm that allows clients to trade outside of regular market hours. UBS Perimeter allows Charles River IMS clients to work orders in the market based on a variety of desired parameters and urgency levels.
“We’ve offered integrated algorithmic trading strategies for a number of years,” said Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. “Our partnership with UBS expands our offering, allowing clients to take advantage of the unique suite of UBS algorithms directly from the Charles River Trader blotter.”
“Our clients have asked us for innovative ways to intelligently participate in the pre-open, the open, and the close, so we created a unique strategy to help them do that in a way that meets a variety of goals,” said Owain Self, head of UBS Algorithmic Trading for the Americas and EMEA. “Charles River worked with us to quickly and efficiently deploy this new strategy in a very user-friendly way. It is a great demonstration of how our powerful partnership can deliver real benefit to clients.”
UBS is one of over 40 algorithmic brokers with more than 500 algorithmic strategies integrated with Charles River IMS. Charles River clients can customize vendor-supplied algorithms in real time, as well as execute multiple strategies simultaneously. Charles River’s meta-driven infrastructure allows clients to take advantage of customized sell-side algorithms, or access new liquidity destinations, without the need for additional software upgrades.
About Charles River Development
Charles River Development is an award-winning provider of technology systems and services to over 315 investment firms in the institutional, mutual fund, banking, hedge fund, wealth management, insurance and pension industries in more than 30 countries. The Charles River Investment
Management System is a comprehensive front- and middle-office software suite for all asset classes that includes: Charles River Manager for portfolio management and modeling; Charles River
Compliance for real-time pre-trade and end-of-day compliance; Charles River Trader for order management and electronic trading; and Charles River Post-Trade for the centralized management of trade matching, confirmation, and settlement workflow. The system incorporates global real-time electronic trading via FIX (Financial Information eXchange) through the Charles River Network, a broker-neutral financial network that is fully integrated with Charles River IMS.
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 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 and Tokyo.
Charles River is the recipient of numerous recent industry awards including: Best Integrated Front-Office Platform and Best Buy-Side Order Management System, Buy-Side Technology Awards 2008, 2007; Best Buy-Side Order Management System, TradeTech 2008, 2007; and FinTech Top 100, American Banker/Financial Insights 2008, 2007.
About UBS
Headquartered in Zurich and Basel, Switzerland, UBS is one of the world’s leading financial firms. It serves a discerning, international client base with its wealth management, investment banking and asset management businesses. In Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
UBS Direct Execution is the firm’s global institutional electronic trading business. In addition to UBS Perimeter, Direct Execution offers Direct Market Access (DMA), a suite of advanced Algorithmic Trading strategies, UBS Fusion, a web-based analytics platform, and an execution management system called UBS Pinpoint. For more information, go to www.ubs.com/directexecution.
|
|
