Charles River Development has released Version 9.1 of the Charles River Investment Management System (Charles River IMS), which integrates order management and execution management (OEMS) capabilities in a single platform and supports high-volume wealth management accounts. This production release also completes Charles River’s transition to a service-oriented architecture (SOA).
Version 9.1’s integrated advanced execution management functionality delivers improved workflow and audit controls compared to third-party execution management system alternatives, the company stated in his release today. From a single desktop, users can access algorithmic and program trading; real-time data; watch lists and integrated news; integrated pre-and post-trade transaction cost analysis; trade analytics; direct market access; automated smart-order routing; and extensive customization options, according to the company.
More than 25 clients participated in the beta program and validated that Version 9.1 delivers critical functionality such as execution management, increased support for wealth management, fixed income and derivatives instruments and analytics, according to president and CEO Peter Lambertus in the release. “Our first first client is alive on Version 9.1, leveraging the systems wealth management capabilities as well as Charles River Anywhere’s remote order routing functionality,” stated Lambertus in the release.
Version 9.1 of Charles River IMSalso introduces a new module for performance measurement, attribution and performance risk analysis (PMAR). The system’s real-time, event-driven trader blotter and new user interface streamline application workflows and improve the user experience, the company said. Advanced wealth management features support large volumes of complex managed account products, including SMAs, UMAs, UMHs and discretionary management portfolios. Portfolio managers and financial advisors can construct and rebalance portfolios and ensure tax optimization across single accounts, multi-sleeve accounts and households. The Charles River Anywhere Web-based workstation also provides tools for remote account and position monitoring, order generation, trading and report viewing.
Charles River Performance is available as a standalone module or as part of the Charles River IMS suite. Users can calculate, analyze and report on multi-asset and multi-currency performance measurement, equity and fixed-income attribution, and a variety of performance risk measures — across portfolios, indexes, benchmarks and GIPS (Global Investment Performance Standards) composites.
Other key enhancements to Version 9.1 include new and expanded support for IRS/CDS (interest rate swaps and credit default swaps) swaptions, CDS/TRS (treasury rate swap baskets) baskets and other derivatives, as well as other analytics such as real-time implementation shortfall monitoring, futures roll capabilities, volatility surfaces, swap curve construction, FX pair-based internal crossing and new functionality for reviewing compliance as of any historical date.
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