December 2023
Charles River® News & Updates

December 2023
Charles River® News & Updates

Spiros Giannaros, President & CEO Note from Spiros Giannaros, President & CEO

As the year comes to a close, I wanted to take a moment to reflect on 2023 and update you on what’s ahead for 2024.

This has been a year of significant progress in terms of product delivery and implementations. We’re continuing to transition customers to the cloud, with about 130 live, over 40 in progress, and 30 new customer implementations. We have expanded capabilities across our  front office, middle office, and wealth offerings, delivering 97% of our planned enhancements. Additionally, we undertook a platform optimization program to improve efficiency, reduce incidents, and enhance resiliency and performance. Looking ahead to 2024, some of the product areas where we will focus include OTC derivatives, cash management, cloud-native IBOR, compliance, and more.

With so much expansion in our product and platform capabilities, you may want to consider Charles River IMS training for your employees. Our online learning platform, CRD Academy, has flexible scheduling and self-paced options and you can use discretionary hours for training. If you want to know more, reach out to our Educational Services team or your Client Manager.

We’re continuing to bring you more opportunities to meet in person with us and with your peers– we hosted Client Connect events in the spring and fall in New York, Boston and London. These events were well-attended and the feedback from attendees has been extremely positive. We are looking to host more live events in 2024 – stay tuned.

We welcomed a new CTO in September. Vladimir Mitvesky has over 25 years of experience in global roles, including being a CTO, CIO, and a technology operations and product leader in various industries. Vladimir is a hands-on individual who has been responsible for everything from customer-facing product development to operations, support, cloud services, and on-prem infrastructure. His unique skills have allowed him to stay connected with customers and invent, solve, and build new cutting-edge technology. We’re excited to have him on the team and look forward to his contributions.

In October, we marked an important milestone – the fifth anniversary of State Street’s acquisition of Charles River and the launch of State Street Alpha. We’ve experienced a great deal of change and growth during that time – assets managed on the platform have grown from $25 trillion to$58 trillion, we’ve nearly doubled the number of employees, and have seen double digit business growth. As your trusted partner, we appreciate your support along this journey and we remain committed to delivering the best capabilities and services to you.

2023 was quite a year and I want to thank you for your ongoing partnership and active engagement with us. I’m looking forward to kicking off 2024 and further collaborations. Once again, from all of us at Charles River, Happy Holidays to you, your family, and friends.

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Thought Leadership

Accelerating Data-driven Investing with AI-powered Insights
Watch this video to learn more about how the State Street Alpha platform leverages AI to support portfolio construction, improve data management, and detect market opportunities in real time.
WATCH NOW

Data for Investment Managers: Evolution or Revolution?
Read Peter Sherriff’s article on how firms can leverage rapidly evolving data and technology efficiently and to maximum effect.
READ BLOG

Are you Ready for T+1?

Charles River and State Street are well-positioned to support your firm in this significant industry shift. Please read the article we published about Charles River readiness.

State Street has launched a website with information about T+1 capabilities and supports they offer across all of their business lines, including Charles River’s post-trade offering. In addition, they recently announced that StreetFXSM, their foreign exchange trading service, is now offering an automated workflow solution and integration with DTCC.

Client Connect Recap

Thank you to all of our clients who attended our Client Connect events in Boston and London this fall! We were pleased to welcome Boston event attendees to State Street’s new headquarters at One Congress Street, with over 100 clients from nearly 50 firms in attendance to hear the latest company updates, recent and upcoming product enhancements, as well as a session on artificial intelligence and a fireside chat with clients sharing their experiences using Charles River IMS. In London, 100 clients from nearly 50 firms joined Charles River executives and product experts at Canary Wharf with a similar agenda as Boston.

We were thrilled to connect and engage with many of you in person and we’re looking forward to similar Client Connect events in 2024. Stay tuned for information and details!

CRD Academy

Let us help you to begin your CRD Academy learning journey in 2024

Did you know that discretionary hours can be used for training? Once your firm engages with Educational Services or CRD Academy, your team will have complimentary access to new product release videos and recorded webinars.

37%

Client Engagement with CRD Academy

670

Learners Enrolled in a Self-paced Course

1,850

CRD Academy Learning Opportunities Seized

4.7

CRD Academy’s Average Rating (4.7/5)

Not sure where to start? Reach out to your Client Manager or send an email to training@crd.com!

News & Updates

Press Release

Charles River and S&P Global Market Intelligence Announce Collaboration​s

Charles River’s interface with InvestorAccess, S&P Global Market Intelligence’s digital primary market platform, will provide a seamless workflow to help firms automate and streamline primary issuance workflows in Charles River IMS.

Charles River’s interface to InvestorAccess, S&P Global Market Intelligence’s digital primary market platform, provides a seamless workflow that allows firms to create and manage orders in a centralized location, access updated deal information, register interest, and indicate order allocations. These capabilities help firms increase efficiency, reduce risk, and enhance access to liquidity.

AWARD WIN

Charles River Wins Marketing Award

Charles River marketing was named one of the top 10 marketing teams in the OnConferences 2023 ICON Awards. Our marketing teams, located in EMEA, APAC, and America, were thrilled to be recognized.

VIDEO HIGHLIGHTS

Evolution of the Charles River and Qontigo Partnership

Evolution of the Charles River and Qontigo Partnership

Partner Ecosystem

Evolution of the Charles River and Qontigo Partnership

Partner Ecosystem

The Charles River and Qontigo partnership has provided firms with actionable performance and risk analytics across the investment lifecycle.

State Street Alpha for ETF Issuers

State Street Alpha for ETF Issuers

Exchange Traded Funds

State Street Alpha for ETF Issuers

Exchange Traded Funds

State Street Alpha now supports the entire ETF lifecycle with front, middle and back-office capabilities.

Charles River Wealth Insights

Charles River Wealth Insights

Wealth Management

Charles River Wealth Insights

Wealth Management

Discussion on recent wealth trends such as SMAs, simplifying Manager-Sponsor communications and developing a partner ecosystem.

Helping Fixed Income Traders Keep Pace with Rapidly Changing Markets

Helping Fixed Income Traders Keep Pace with Rapidly Changing Markets

Order and Execution Management

Helping Fixed Income Traders Keep Pace with Rapidly Changing Markets

Order and Execution Management

How our OEMS platform helps institutional traders meet rapidly changing demands for best execution, trade automation and portfolio trading.

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