Charles River Expands IBOR Solution with Integrated Corporate Actions Data from Interactive Data
October 21, 2014
Boston and New York – Charles River, an enterprise-wide, front- and middle-office investment management solution provider has expanded its Investment Book of Record (IBOR) offering by integrating Interactive Data’s Corporate Actions Service as an integral part of the Charles River Investment Management Solution (Charles River IMS). Charles River clients now have seamless, intraday access to Interactive Data’s mandatory and voluntary corporate actions, dividends, and capital events information covering 80,000 companies in over 100 countries.
“Charles River IBOR provides accurate real-time position management for the front office, and corporate actions are critical to ensure this accuracy,” said Tom Driscoll, Global Managing Director, Charles River. “Offering pre-packaged data from Interactive Data gives users a simplified, high-quality corporate action solution.”
Charles River’s IBOR improves timeliness and integrity of position data for portfolio managers and traders by integrating real-time positions, corporate actions, and reconciliation with back-office systems, fund administrators and custodians. Corporate Actions data is fed into Charles River IBOR and processed to adjust positions in real time, which can then be utilized by the Charles River IMS as well as fed to downstream systems.
“We are pleased to collaborate with Charles River to integrate our global corporate actions service in their IBOR solution,” said Hubert Holmes, Managing Director, Reference Data, Interactive Data. “Timely delivery of corporate action data is essential to helping firms support trading operations, and keep them informed of events that may affect their investment decisions throughout the trading day.”
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 360 investment firms in 43 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets.
About Interactive Data
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data’s offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data has over 2,500 employees in offices worldwide.