Societe Generale in Luxembourg Centralises Trading on Charles River IMS
European financial services group adopts Charles River to enhance service to its private banks and I-DEAL clients.
May 22, 2018
London — May 22, 2018 — Societe Generale in Luxembourg, namely Societe Generale Bank and Trust (SGBT), has deployed the Charles River Investment Management Solution (Charles River IMS) as the enterprise trading platform for its private banking network and for the firm’s outsourced buy side order execution service, I-DEAL. SGBT is now live on Charles River’s multi-asset order and execution management system (OEMS) with integrated data, trade analytics, compliance monitoring, post-trade processing and FIX connectivity.
“Charles River IMS allows our European network of private banks and I-DEAL outsourcing service to trade all asset classes on the same platform,” said Societe Generale in Luxembourg. “With this centralised trading solution, our clients benefit from an enriched service, which would also help in meeting MiFID II and other business requirements.”
“Increased regulation and ongoing cost pressures have created a very challenging execution environment,” said Gavin Lavelle, Managing Director EMEA, Charles River. “Charles River IMS facilitates best execution and helps clients reduce their total cost of ownership through platform consolidation.”
About Charles River
Charles River enables sound and efficient investing across all asset classes. Investment firms in more than 40 countries use Charles River IMS to manage more than US$25 Trillion in assets in the institutional investment, wealth management and hedge fund industries. Our Software as a Service-based solution automates and simplifies investment management on a single platform – from portfolio decision support and risk management through trading and post-trade settlement, with integrated risk and compliance throughout. Headquartered in Burlington, Massachusetts, we support clients globally with more than 750 employees in 11 regional offices. For more information, please visit www.crd.com.