Press Release

Charles River Survey Ranks Business Drivers for an Integrated IBOR

April 7, 2014

Boston Charles River, an enterprise-wide front and middle office investment management solution provider, today announced results of an Investment Book of Record (IBOR) business drivers survey conducted last week with over 350+ Buy-Side participants during a webinar. Over two-thirds of participants viewed front-office demands for more timely and accurate data as the main business driver for considering an integrated IBOR.

Charles River recently unveiled a new IBOR offering that integrates real-time positions, corporate actions, and reconciliation from back-office systems in the Charles River Investment Management Solution Version 9.2 series.

“Investment firms are taking a closer look at how a centralized IBOR can increase accuracy and efficiencies in the front office, “ said Tom Driscoll, Global Managing Director, Charles River. “Eliminating dependency on data from back-office systems ensures that positions are as up-to-date as possible, allowing portfolio managers and traders to be more productive, and make better decisions throughout the trading day.”

The Charles River survey asked respondents to identify one or more business drivers guiding their interest in IBOR solutions. Key findings include:

  • 69% acknowledged the demand for more timely and accurate data for front-office activities
  • 42% indicated the need for tighter integration between front and middle office  functions
  • 37% cited the consolidation of multiple platforms
  • 22% identified the need to feed data to multiple front-office systems
  • 16% cited the increase in outsourcing of operations

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.