Charles River Development Adds Nomura’s Asia ModelEx™ Algorithmic Suite
Integration helps Charles River clients improve overall trading performance in key Asian markets
Boston, London, Melbourne, New York, Paris, Singapore and Tokyo — August 6, 2009 — Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that Nomura’s Asia ModelEx™ platform, a suite of core and advanced algorithmic order execution strategies, is now available in the Charles River Investment Management System (Charles River IMS). Charles River clients can seamlessly access Nomura’s sophisticated algorithmic strategies across Asia and globally.
Nomura joins more than 40 algorithmic providers offering over 500 algorithmic strategies via Charles River IMS. “To address the APAC region’s market fragmentation, asset managers and institutional investors continue to demand electronic trading tools and strategies,” said Cameron Field, Managing Director Asia Pacific, Charles River. “Charles River helps meet this demand by efficiently routing orders to the most liquid markets, providing integrated access to leading regional and global strategies, such as the ones offered by Nomura’s ModelEx™ platform.”
“Charles River is instrumental in helping buy-side firms gain fast, flexible and dependable access to ModelEx™ algorithmic strategies, both across Asia Pacific and globally,” said Sunny Chung, Executive Director, Electronic Trading Services at Nomura. “Nomura’s Asia ModelEx™ trading algorithms cover a number of key Asian markets, including: Japan, Hong Kong, Australia, India, Korea, Singapore and Taiwan. The algorithms take advantage of market microstructure, and provide investors with a comprehensive set of trading basic to customized strategies.”
Charles River serves over 315 clients worldwide, including 19 clients in Japan, and more than 100 client sites across 14 countries in Asia Pacific. With 50 specialists serving the region, many of them bilingual Japanese/English and Mandarin/English speakers, Charles River maintains Asia Pacific headquarters in Melbourne, offices in Tokyo and Singapore and has a regional presence in Brisbane and Sydney.
About Nomura
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.
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 Trader for order management and electronic trading; Charles River Compliance for real-time pre-trade and end-of-day compliance; 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.
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