Aqua Teams with Charles River Development to Deliver Enhanced Access to Block Liquidity.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Aqua, the alternative trading venue for block liquidity, and Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Development, an award-winning provider of financial software and services to the global investment management community, have partnered to provide users of the Charles River Investment Management System (Charles River IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. ) with fully-integrated access to Aqua's growing pool of new block liquidity and order interaction method offering unprecedented information security. "Aqua has responded to institutional equity traders' widespread demand for seamless and anonymous access to new block liquidity," said Kevin Foley
Kevin Foley, Australian politician, is the current Deputy Premier of South Australia, serving under Premier Mike Rann. Foley is a member of the Australian Labor Party. , Aqua CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . On any given day, Aqua receives firm, executable bids and offers submitted by more than 100 participating brokers, narrowcasting Narrowcasting has traditionally been understood as the dissemination of information (usually by radio or television) to a narrow audience, not to the general public. Some forms of narrowcasting involve directional signals or use of encryption. them to buy-side participants with the option - but not the obligation - to trade. The model creates linkages that facilitate block trading between brokers and buy-side firms that have not connected via traditional methods. "Aqua's guiding principle is simple. Eliminate the information leakage Information leakage happens whenever a system that is designed to be closed to an eavesdropper reveals some information to unauthorized parties nonetheless. For example, when designing an encrypted instant messaging network, a network engineer without the capacity to crack your and you make it both safe and convenient to reach for new block liquidity in places you might not have accessed previously," said Foley. "We're committed to helping Charles River IMS clients achieve best execution through our broker-independent solution," said Jared Baker, Director, Business Development, Charles River Development. "Our clients rely on us to provide the highest level of access to emerging venues. We continue to respond to our clients' needs by providing seamless access to all liquidity sources, and we're pleased to announce Aqua as our newest integration partner." About Aqua Aqua is a new electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. platform focused on creating access to new pools of block liquidity for institutions, brokers, and hedge funds. Based in New York, Aqua has received regulatory approval to operate as an alternative trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. for U.S. equities. Featuring block liquidity contributed by a broad range of sell-side firms, Aqua is the safest, most efficient and quickest tool ever created for electronic block trading between the sell-side and the buy-side. About Charles River Development Charles River Development is an award-winning provider of innovative technology systems and services to over 280 investment firms in the institutional, mutual fund, banking, hedge fund, wealth management, insurance and pension industries. The Charles River Investment Management System is a comprehensive front- and middle-office software suited for all asset classes that includes Charles River Manager for portfolio management and modeling; Charles River Trader for order management and electronic trading; Charles River Compliance for real-time pre-trade and end-of-day compliance; and Charles River Post-Trade for the centralized management of trade matching, confirmation, and settlement workflow. The system incorporates global real-time electronic trading via FIX (financial information eXchange) through the Charles River Network, a reliable, secure private financial network. Charles River IMS features a modern, proven, N-Tier service oriented architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ) that is highly scalable and supports continuous 24x7 operations. Message-based APIs and exposed Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. facilitate rapid systems integration. The company also offers implementation and managed services (hosted and remote application management) to complement its software. Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, New York, Paris, Singapore and Tokyo. Charles River is the recipient of numerous recent industry awards including: European Front Office IT Company of the Year, Funds Europe 2007 Awards; Best Buy-Side Order Management System and Best Integrated Front-Office Platform, Buy-Side Technology 2007 Awards; Best Buy-Side Order Management System, TradeTech 2007; Best Portfolio Management System, Waters Reader Rankings 2007; and FinTech Top 100, American Banker/Financial Insights 2007. |
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