Charles River Development, a State Street Company, today announced that the Charles River Investment Management Solution (Charles River IMS) was awarded “Best EMS/OMS Provider – Fixed Income” by Fund Intelligence Operations and Services Awards 2019.
The awards recognize the outstanding contributions made by business, operations and technology leaders at asset management and service provider firms over the past year, and highlight the important role played by technology companies, fund administrators and custodians in providing vital support and services to the asset management community.
Charles River IMS combines an order management system (OMS) with multi-asset execution capabilities, creating a single integrated order and execution management system (OEMS). The OEMS enables trade automation of low touch orders by streamlining access to global liquidity venues while empowering traders with advanced data visualization and analytical capabilities to support complex, high touch trades.
“Downsized trading desks, reduced liquidity and increased electronification of global fixed income markets present significant challenges for asset managers,” said John Plansky, CEO, Charles River. “By offering our clients the broadest possible choice of technology, connectivity, data, and analytics options available on a single platform, they can more confidently navigate rapidly changing markets and leverage opportunities for growth.”
Charles River IMS serves as the front and middle office component of State Street’s Alpha PlatformSM, which provides global investment managers, hedge funds, asset owners and insurers with a complete front to back solution for risk management, portfolio construction, trading, compliance, post-trade and back office services.
This marks Charles River’s fifth award for 2019, adding to wins including Fund Technology’s Best Trading Platform – Overall, Best Institutional Investment Platform by FinTech Breakthrough, Global Investor Group’s Multi-asset Trading System of the Year, and Best Buy-Side Portfolio Management System by WatersTechnology.
About Charles River, a State Street Company
Investment firms, asset owners, wealth managers, hedge funds and insurers in more than 30 countries rely on Charles River’s front and middle office investment management platform to manage more than US$30 Trillion in assets. Together with State Street’s front-to-back services, Charles River’s software technology forms the foundation of the State Street AlphaSM platform. The Charles River Investment Management Solution (Charles River IMS) is designed to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River’s growing partner ecosystem enables clients to seamlessly access external data and analytics, applications and liquidity venues that support the unique demands of their product and asset class mix. Headquartered in Burlington, Massachusetts, we serve clients globally with more than 975 employees in 12 regional offices. (Statistics as of October 2019)
For more information, please visit www.crd.com.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $32,754 billion in assets under custody and administration and $2,918 billion* in assets under management as of June 30, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $36 billion as of June 30, 2019), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
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