Charles River IMS selected by Italy’s Market Leader Eurizon Capital SGR
Integrated trading platform streamlines front-office operations across asset classes
Boston, Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo — February 24, 2010 — Charles River Development (Charles River), a front- and middle-office investment software solutions provider, today announced that Eurizon Capital SGR (Eurizon Capital), the largest Italian asset management company with EUR 154 billion in assets under management (as of September 2009), has selected the Charles River Investment Management System (Charles River IMS) to automate order management, electronic trading and execution management across the firm’s trading desks in Milan and Luxembourg. Charles River IMS will provide Eurizon Capital users with complete order placement, execution, allocation and trade processing for all asset classes, including: derivatives; foreign exchange; fixed income; and equities.
Following a merger in 2008, Eurizon Capital has grown considerably, triggering the need for an order and execution management system to increase straight through processing (STP) and support additional trading volumes with efficient workflows. Eurizon Capital chose Charles River IMS for its deep functionality, flexibility, open and extensible technology, as well as its integrated data and execution connectivity.
“Charles River IMS provides seamless interfaces with third-party providers,” said Jon Steward, Managing Director, EMEA, Charles River Development. “Eurizon Capital will leverage Charles River’s trading interface with Bondvision, a popular European fixed income execution venue.”
Charles River maintains regional offices in London and Paris, a local presence in Frankfurt, sales and service partners in South Africa and Dubai and supports nearly 75 buy-side clients in 14 countries across Europe. In Italy, Charles River currently serves three of the country’s leading asset managers.
About Eurizon Capital SGR
Eurizon Capital SGR is a subsidiary of Intesa Sanpaolo, one of the premier banking groups in Italy. With EUR 154 billion in assets under management, the company is the largest industry player in Italy. Eurizon Capital was established in 2008 from the merger of two major Italian asset management firms, bringing together over 25 years of experience in the business.
Eurizon Capital offers products for retail clients (mutual funds and managed accounts) as well as a wide range of tailored investment products and services to institutional clients. Its product range includes specialist funds featuring different management styles and investment strategies (funds of funds and managed accounts).
Eurizon Capital strengthens its relationships with financial partners by providing customized information together with training, developed by specialized teams.
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 is a multi-asset, multi-currency software suite that consists of five main modules: Charles River Manager for decision support, 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.
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 FIX network and implementation services, as well as application management 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 in all other major financial centers 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 Risk Management System, AsianInvestor 2009 Service Provider Awards; and FinTech Top 100, American Banker/Financial Insights 2009. |
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