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Press Release

Charles River Adds Thomson Reuters Pricing & Reference Data to its Managed Data Service

October 15, 2014

Boston and New York – Charles River, a front and middle office investment management solution provider, has enhanced its Managed Data Service with the addition of Thomson Reuters pricing and reference data. This is the latest in a series of continued enhancements to the Charles River Data Service which provides benchmark, reference and issuer data, real-time pricing and new security setup.

“Ensuring consistent, quality data for end users is one of the biggest challenges for investment firms industry wide; Charles River’s Data Service solves this challenge for clients while simplifying operations and lowering costs,” said Brad Haigis, director, Charles River Data Service. “We continue to partner with top-tier data sources to enhance our service, which currently delivers global equity and US fixed income reference data. The addition of Thomson Reuters pricing, reference and legal entity data, as well as analytics represents a strategic expansion to provide clients with a more complete global offering, including security master data for international corporate and government fixed income instruments.”

The Charles River Data Service offers a single, cost-effective data feed for all asset classes. Data is aggregated from multiple sources, validated, enriched, and directly fed ‘hand-in-glove’ in the Charles River Investment Management Solution (Charles River IMS) and managed to give clients complete, accurate and timely data throughout the trade lifecycle. It is an integral part of Charles River’s Software as a Service (SaaS) solution and is also available to legacy client-hosted environments.

“We’re delighted to partner with Charles River to have them resell our data as a key component of their data service,” said Kate Toumazi, global head of Risk Data Services, Thomson Reuters. “Clients are increasingly looking for rich, global, high-quality data covering all asset classes, and this strategic agreement with Charles River validates Thomson Reuters offering as meeting those customer demands.”

Thomson Reuters has been named Best Reference Data Provider by Waters Rankings 2014, and has received the prestigious award for three consecutive years. The offering delivers the most comprehensive reference data to the global financial and investment management community. Thomson Reuters is an originator, consolidator and value add re-distributor of security and financial instrument data with hundreds of sources. The coverage includes spot rates on 175 currencies, corporate actions on over 50,000 companies globally, end-of-day prices from 180+ exchanges, as well as comprehensive coverage for fixed income, derivatives, and foreign exchange.

About Charles River

Charles River provides an end-to-end solution to automate front and middle office investment management functions across asset classes on a single platform. The solution offers a simplified operating model that includes enterprise software, data, application management/upgrades, hosting and FIX network to improve investment professional productivity, control risk and lower technology costs. Charles River serves more than 350 investment firms in 43 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets.

About Thomson Reuters

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to thomsonreuters.com