Charles River in China

The Qualified Domestic Institutional Investor (QDII) scheme, established in 2006, allows approved Chinese banks, fund houses, security institutions and insurance companies to invest into international assets on behalf of their clients. Initially limited to fixed income and money market products, the scheme has since been expanded to include equity funds. The QDII program has presented Chinese asset managers with the opportunity to re-evaluate their front and middle office processes, with a focus on automating and streamlining their investment management operations across their newly expanded opportunity set. Traditionally, these operations have been handled via spreadsheets, or single-market, single-currency local Chinese systems. QDII managers are now looking to experienced international technology providers, such as Charles River Development, to advance their investment operations in line with industry best practices for both cross border and domestic Chinese investment operations.

Company Profile

As a global solution provider, Charles River serves buy-side firms in over 30+ countries and maintains a local presence in all major financial centers worldwide. Investment, wealth and alternative managers, asset owners and insurers rely on Charles River’s front and middle office investment management platform to manage USD ~$48 Trillion in assets. Together with State Street’s middle and back office services, Charles River’s cloud-deployed front office technology forms the foundation of State Street Alpha℠.

We serve clients globally with more than 1,250 employees in 11 regional offices. Our strong presence in these financial hubs, coupled with global scale, is a key factor helping us support our clients’ 24×7 operating models and organizational resiliency.

Charles River in China

The Qualified Domestic Institutional Investor (QDII) scheme, established in 2006, allows approved Chinese banks, fund houses, security institutions and insurance companies to invest into international assets on behalf of their clients. Initially limited to fixed income and money market products, the scheme has since been expanded to include equity funds. The QDII program has presented Chinese asset managers with the opportunity to re-evaluate their front and middle office processes, with a focus on automating and streamlining their investment management operations across their newly expanded opportunity set. Traditionally, these operations have been handled via spreadsheets, or single-market, single-currency local Chinese systems. QDII managers are now looking to experienced international technology providers, such as Charles River Development, to advance their investment operations in line with industry best practices for both cross border and domestic Chinese investment operations.

Company Profile
As a global solution provider, Charles River serves buy-side firms in over 30 countries and maintains a local presence in all major financial centers worldwide. Investment, wealth and alternative managers, asset owners and insurers rely on Charles River’s front and middle office investment management platform to manage USD $36 Trillion in assets. Together with State Street’s middle and back office services, Charles River’s cloud-deployed front office technology forms the foundation of State Street Alpha℠. We serve clients globally with more than 1,200 employees in 11 regional offices. Our strong presence in these financial hubs, coupled with global scale, is a key factor helping us support our clients’ 24×7 operating models and organizational resiliency.

Advantages of Charles River IMS

• Comprehensive order management system and execution management system capabilities, including algorithmic trading, pre- and post-trade transaction cost analysis (TCA), direct market access (DMA), automated order routing, access to real-time pricing and security fundamentals, market depth and program trading.
• Connectivity via FIX allows easy access to third party liquidity pools, electronic communication networks (ECNs), alternative trading systems (ACSs), execution venues and exchanges for both QDII managers as well as licensed foreign investors.
• Full commitment to the adoption of the STEP Protocol as a key strategic initiative for our domestic Chinese client partnerships.*
• Supports all security types including global equities, fixed income, money market securities, foreign exchange and complex derivatives including swaps.
• Integrated asset allocation capabilities for category or security level modelling, currency or derivatives overlay, as well as strategic and tactical asset allocation capabilities.
• Decision support with full multi-currency capabilities across all asset classes and markets.
• Helps enable cash management and forecasting, exposure measurement, integrated analytics, and Web reporting.
• Provides scenario, pre-trade, in-trade, post-execution, and end-of-day compliance monitoring.
• Industry-endorsed, tested global 1,800+ rule library across 35 regulatory bodies and more than twenty countries.

*As an active member of the Asia Pacific regional FIX Protocol Limited (FPL) committees Charles River is involved in the ongoing development of the FIX Protocol and its usage within the Asia Pacific Markets. A key FPL initiative for the Chinese domestic market is the STEP variant to provide support for direct connectivity to the Next Generation Trading System (NGTS) currently under implementation across the local Chinese exchanges.

Statistics as of Q4 2022