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The Bulletin Board below contains recent press releases issued by Charles River Development as well as news items and articles written by, or about Charles River Development. Click here for Bulletin Board Help
For Media Inquiries please contact Marta von Loewenfeldt, Manager, Public Relations at +1 781 425 3032 or e-mail MartavonLoewenfeldt@crd.com
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Metzler Triples Trade Volumes with Charles River
Excerpt from Buy-Side Technology highlighting Metzler Asset Management’s growth in trading volumes following implementation of the Charles River Investment Management System.
When Metzler Asset Management opted to implement the Charles River IMS, it chose to supplement its existing front-office applications with the system, rather than use it as a replacement. For an asset manager with a historically strong in-house bias, this approach has proved to be the best of both worlds.
Notwithstanding its proud DIY heritage, Metzler decided to go down the ‘off-the-shelf' route when considering the implementation of a new order management system (OMS) to support its growth in order volumes and the trading of more complex securities. That the asset manager finally settled on Charles River Development's IMS (Investment Management System) is hardly surprising: Charles River's burgeoning German asset management client base includes DWS Investments (Deutsche Asset Management), signed in mid-2006, as well as hundreds of others globally.
Was Köble, who was responsible for managing the business analysis around the Charles River project and the configuration of Charles River IMS, aware of the DWS Investments contract with Charles River, which fortuitously coincided with Metzler's initial investigations?
"Yes, but we realized that it wasn't comparable with ours," he explains. "The point is that if Charles River could provide a firm like DWS with the scalability, functionality and instrument coverage then it would probably be good enough for Metzler. But the other thing that we had to consider was whether we had the people and structure to support such large systems. Usually you could argue that if a system was suitable for DWS it might be too large for us, but it was a strategic decision because we saw that our trade volumes were growing and we needed the processes and technology - especially transparency and control."
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