BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, and Charles River Development, an award-winning provider of technology systems and services for the global investment management community, today announced that connectivity has been established between their electronic trading platforms.
Through this partnership, current users of the Charles River Investment Management System (Charles River IMS) can now easily and anonymously route orders to BIDS Trading’s block trading platform; executing blocks of U.S. equities with little to no market impact. The partnership reaffirms both companies’ commitment to offer open and comprehensive electronic trading solutions, focused on helping traders reduce costs and risk, as well as increase operational efficiency in a secure environment.
“This integration is a major initiative in our continual support to help traders streamline workflow and facilitate best execution,” said Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. “Charles River IMS offers clients a central conduit to all liquidity pools across all asset classes. Our clients can connect with a host of international destinations – and their choices now include the BIDS ATS.”
“This connection furthers our efforts to create an open, efficient marketplace to anonymously trade blocks of U.S. equities,” said Tim Mahoney. “Connecting Charles River IMS’s global client base to the BIDS ATS allows users to anonymously access additional liquidity and helps us continue to deliver on our promise to offer the broadest participation and deepest liquidity pool possible.”
The BIDS ATS is accessible to both buy-side and sell-side firms that want to trade large blocks through continuous order matching and trade negotiation. Use of the BIDS ATS as a block trading service is not exclusive or subject to volume commitment and each participant may continue to use any ATS, ECN or exchange service that supports the trading needs of its customer base.
Showing posts with label Charles River Development. Show all posts
Showing posts with label Charles River Development. Show all posts
Wednesday, 24 September 2008
Tuesday, 23 September 2008
Trading Shorts
Credit Suisse Eggers in Farsight Award
The Farsight Award is a project between the Universities Superannuation Scheme, Gresham College and the Enhanced Analytics Initiative, with support from Z/Yen Group Limited. The objective of the Farsight Award is to honour the best individual piece of analysis by an investment research institution that integrates traditional financial analysis with longer-term issues such as climate change, scarcity, corporate governance and human capital.
Waddell & Reed Selects Charles River
Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that Waddell & Reed Investment Management Company and its affiliates, which have $70 billion in assets under management, have selected the Charles River Investment Management System (Charles River IMS) to provide a new portfolio management system, including for its equity, fixed income and foreign exchange operations.
QuantOffice Integrated with Vhayu Velocity Tick by Deltix
Deltix, Inc. has entered into a partnership agreement with Vhayu Technologies, Inc. to provide the Vhayu Velocity™ tick database with Deltix QuantOffice™, enabling users to process, manage and store year’s worth of market data for optimized quant research analysis.“Vhayu’s enterprise class tick database increases the amount of data and intricate analytics available within Deltix QuantOffice/QuantServer product suite
RadarLite from SoftCapital
SoftCapital (SC), a leading independent software vendor, today announced the introduction of the company’s newest trading tool, RadarLite. Designed to run completely in a browser, behaving exactly like an installed application, as well as running on all operation systems aka. Windows, Linux and Apple.
Fair Value By Benchmark Indices
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced the results of recent quantitative research conducted by its Pricing and Reference Data business which compared international mutual funds with relevant benchmark indices. Through statistical analysis, the research revealed that comparing the performance of international mutual funds that use fair value adjustments .
Macalla Powers TSB Text Banking Service
Macalla, leader and innovator in mobile payment solutions, has announced the launch of permanent tsb's mobile banking solution powered by the Macalla Platform."We choose Macalla because of its combined mobile and banking experience. Our decision was a wise one as at each phase of the project their expertise was invaluable," said Tim Bicknell, Head of Current Accounts and Online Development, permanent tsb.
Cordys and CSC Alliance
Cordys, a global leader in next generation Business Process Management (BPM), has formed a strategic alliance with CSC (NYSE: CSC), a global leader in providing technology-enabled solutions and services, bringing together two of the major players within the BPM sector.The alliance will enable organisations around the globe to benefit from a new breed of innovative business process driven solutions, deployed on the Cordys Business Operations Platform (BOP), and
EmployBridge Selects Sungards AvantGard
EmployBridge, a leading US provider of branded, industry-specific staffing solutions, has selected SunGard’s AvantGard to help automate and improve the efficiency of its order-to-cash cycle. The company will use the AvantGard receivables management solution to help improve cash flow, mitigate bad debt expense and minimize operational costs.Effective management of trade receivables is a critical area to target for liquidity management and process improvements
EMVCo Annual User Meeting Announced
EMVCo, the EMV standards body owned by JCB International, MasterCard Worldwide and Visa Inc., has today announced plans to broaden industry participation in the development work of the organisation and establish a regular, formal dialogue between EMVCo and the global payments industry, through the launch of a new website subscription programme and annual user meeting. To be launched during the first quarter of 2009, a new subscription programme delivered through the EMVCo website
TTT Moneycorp Real-time Messaging
SMA Financial, SWIFT Regional partner for UK, Eire and Channel Islands today announced that TTT Moneycorp (Moneycorp), the leading international foreign exchange and payments specialist, has moved to real-time message processing over the SWIFT network using MQ Series.To cope with rapidly expanding business volumes and to automate its payment, banking and treasury services, Moneycorp initially implemented the SMA Bureau Service to send payment messages over the secure SWIFT network.
The Farsight Award is a project between the Universities Superannuation Scheme, Gresham College and the Enhanced Analytics Initiative, with support from Z/Yen Group Limited. The objective of the Farsight Award is to honour the best individual piece of analysis by an investment research institution that integrates traditional financial analysis with longer-term issues such as climate change, scarcity, corporate governance and human capital.
Waddell & Reed Selects Charles River
Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that Waddell & Reed Investment Management Company and its affiliates, which have $70 billion in assets under management, have selected the Charles River Investment Management System (Charles River IMS) to provide a new portfolio management system, including for its equity, fixed income and foreign exchange operations.
QuantOffice Integrated with Vhayu Velocity Tick by Deltix
Deltix, Inc. has entered into a partnership agreement with Vhayu Technologies, Inc. to provide the Vhayu Velocity™ tick database with Deltix QuantOffice™, enabling users to process, manage and store year’s worth of market data for optimized quant research analysis.“Vhayu’s enterprise class tick database increases the amount of data and intricate analytics available within Deltix QuantOffice/QuantServer product suite
RadarLite from SoftCapital
SoftCapital (SC), a leading independent software vendor, today announced the introduction of the company’s newest trading tool, RadarLite. Designed to run completely in a browser, behaving exactly like an installed application, as well as running on all operation systems aka. Windows, Linux and Apple.
Fair Value By Benchmark Indices
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services, today announced the results of recent quantitative research conducted by its Pricing and Reference Data business which compared international mutual funds with relevant benchmark indices. Through statistical analysis, the research revealed that comparing the performance of international mutual funds that use fair value adjustments .
Macalla Powers TSB Text Banking Service
Macalla, leader and innovator in mobile payment solutions, has announced the launch of permanent tsb's mobile banking solution powered by the Macalla Platform."We choose Macalla because of its combined mobile and banking experience. Our decision was a wise one as at each phase of the project their expertise was invaluable," said Tim Bicknell, Head of Current Accounts and Online Development, permanent tsb.
Cordys and CSC Alliance
Cordys, a global leader in next generation Business Process Management (BPM), has formed a strategic alliance with CSC (NYSE: CSC), a global leader in providing technology-enabled solutions and services, bringing together two of the major players within the BPM sector.The alliance will enable organisations around the globe to benefit from a new breed of innovative business process driven solutions, deployed on the Cordys Business Operations Platform (BOP), and
EmployBridge Selects Sungards AvantGard
EmployBridge, a leading US provider of branded, industry-specific staffing solutions, has selected SunGard’s AvantGard to help automate and improve the efficiency of its order-to-cash cycle. The company will use the AvantGard receivables management solution to help improve cash flow, mitigate bad debt expense and minimize operational costs.Effective management of trade receivables is a critical area to target for liquidity management and process improvements
EMVCo Annual User Meeting Announced
EMVCo, the EMV standards body owned by JCB International, MasterCard Worldwide and Visa Inc., has today announced plans to broaden industry participation in the development work of the organisation and establish a regular, formal dialogue between EMVCo and the global payments industry, through the launch of a new website subscription programme and annual user meeting. To be launched during the first quarter of 2009, a new subscription programme delivered through the EMVCo website
TTT Moneycorp Real-time Messaging
SMA Financial, SWIFT Regional partner for UK, Eire and Channel Islands today announced that TTT Moneycorp (Moneycorp), the leading international foreign exchange and payments specialist, has moved to real-time message processing over the SWIFT network using MQ Series.To cope with rapidly expanding business volumes and to automate its payment, banking and treasury services, Moneycorp initially implemented the SMA Bureau Service to send payment messages over the secure SWIFT network.
Thursday, 31 January 2008
Charles River in Japan Expansion
Charles River Development, (Charles River), an award-winning provider of financial software and services to the global investment management community, and Omgeo, a leading provider of post-execution trade management services, have expanded efforts to provide mutual clients in Japan with a full front- to back-office straight-through processing (STP) solution to automate processing of domestic and international trades, including settlement of Japanese equities. Japanese investment firms can leverage the Charles River Investment Management System (Charles River IMS) for global electronic trading via FIX (Financial Information eXchange) via the secure and private Charles River FIX Network. They can also link directly from Charles River IMS to Omgeo’s suite of products, including its Omgeo Central Trade Manager (Omgeo CTM), for trade matching
"We are expanding our regional presence and enhancing partner relationships to accommodate growing demand in Japan for Charles River’s products and services," said Cameron Field, Managing Director-Asia Pacific, Charles River Development. "As a member of Charles River’s Partner Integration Certification Program, Omgeo has a joint commitment with Charles River, which we are strengthening, to support mutual clients in Japan with integrated and seamless real-time trade matching."
Charles River was the first vendor to link directly to Omgeo CTM, and offers interfaces to Omgeo’s Oasys Global and Trade Match products through its Charles River Post-Trade module. Nearly 20 clients worldwide, including several in Japan, use Charles River IMS to link directly to Omgeo CTM. Charles River serves 18 clients in Japan, including three of country’s leading investment firms, who use Charles River IMS for domestic and international portfolio management, trading and compliance.
"Japan is an extremely important market for Omgeo. We are committed to helping clients achieve the efficiencies of true STP by partnering with leading service providers such as Charles River in the region," said David Estrada, Representative Director, Omgeo. "We have had a very close working relationship for many years, and we are excited to help our mutual clients go from strength to strength in their trade processing capabilities."
"We are expanding our regional presence and enhancing partner relationships to accommodate growing demand in Japan for Charles River’s products and services," said Cameron Field, Managing Director-Asia Pacific, Charles River Development. "As a member of Charles River’s Partner Integration Certification Program, Omgeo has a joint commitment with Charles River, which we are strengthening, to support mutual clients in Japan with integrated and seamless real-time trade matching."
Charles River was the first vendor to link directly to Omgeo CTM, and offers interfaces to Omgeo’s Oasys Global and Trade Match products through its Charles River Post-Trade module. Nearly 20 clients worldwide, including several in Japan, use Charles River IMS to link directly to Omgeo CTM. Charles River serves 18 clients in Japan, including three of country’s leading investment firms, who use Charles River IMS for domestic and international portfolio management, trading and compliance.
"Japan is an extremely important market for Omgeo. We are committed to helping clients achieve the efficiencies of true STP by partnering with leading service providers such as Charles River in the region," said David Estrada, Representative Director, Omgeo. "We have had a very close working relationship for many years, and we are excited to help our mutual clients go from strength to strength in their trade processing capabilities."
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