Charles River Development, a State Street company, has won “Best Order Management System” at the 2020 Markets Choice Awards. Sponsored by MarketsMedia, the awards identify and recognize the best companies, individuals and innovation in financial markets. This year’s awards span institutional trading and technology sectors, including buy-side traders; sell-side execution desks; exchanges and platforms; incumbent technology providers; and emerging fintech firms.
Charles River IMS combines a multi-asset order management system (OMS) with full execution capabilities, providing institutional traders with a single integrated order and execution management system (OEMS). The OEMS supports intelligent workflow segmentation, using trade automation for low touch orders and enabling connectivity to multiple liquidity venues and algo providers. Advanced analytics help inform traders managing complex, high touch trades. Charles River’s interoperable platform and growing third-party provider ecosystem enable both incumbent and startup liquidity venues, analytics providers and application developers to integrate their products and services in the OEMS.
“Sourcing liquidity and managing trade risk across asset classes represent significant challenges for asset managers,” said Spiros Giannaros, President, Charles River. “Our OMS helps address those issues, with sophisticated trade auto-routing, full trade lifecycle compliance, and exception-based workflows. This enables traders to focus on the more variable aspects of trading, especially during periods of elevated market volatility.”
Charles River IMS serves as the front and middle office component of State Street Alpha℠, 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.
In the past year, Charles River has won several awards recognizing its trading and front office capabilities including “Best Cloud-Based Front Office Solution” by Fund Intelligence Tech & WSL Awards, “Best Integrated Front Office Platform” from WatersTechnology, “Best Fixed Income EMS/OMS Provider” by Fund Intelligence Operations and Services Awards and “Best Multi-Asset Trading System” from Global Investor Group.
About Markets Media
Markets Media was launched in 2007 to provide sophisticated, in-depth content spanning all sectors of the securities industry, delivered across a synergistic platform of print, online and events. Markets Media is all about institutional trading and investing, where the buy side meets the sell side. Through conferences in New York, Chicago, Toronto and London, and a digital editorial platform, we cover the market ecosystem spanning institutional asset owners, investment managers, sell-side banks, proprietary traders, exchanges, alternative trading systems, regulators, and software and technology providers. For more information please visit marketsmedia.com/2020-markets-choice-awards.
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$29 Trillion in assets. Together with State Street’s middle and back office capabilities, Charles River’s cloud-deployed software technology forms the foundation of State Street AlphaSM. 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 1,000 employees in 11 regional offices. (Statistics as of as of April 2020)
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 $31.86 trillion in assets under custody and/or administration and $2.69 trillion* in assets under management as of March 31, 2020, 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 as of March 31, 2020 includes approximately $50 billion of assets with respect to 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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