Charles River Development Selects Sonic Enterprise Message Server with Continuous Availability Architecture; Messaging Infrastructure Provides Global Investment Managers with Real-Time Trade Data.BEDFORD, Mass. -- 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, a market-leading provider of software and services to over 200 global investment managers, has selected the SonicMQ(R) enterprise message system with Sonic Continuous Availability Architecture(TM) (CAA Caa See CCC. ) to be embedded as the messaging infrastructure within 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. ). This provides Charles River IMS users with immediate access to event-driven, real-time market and trade data. With Sonic's CAA, Charles River customers are able to achieve the highest levels of system availability with hot fail-over and low-latency market data delivery capabilities. Charles River IMS is a comprehensive front- and middle-office software suite used by investment managers in the global institutional asset management, mutual fund, banking, pension, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , wealth management and insurance industries. Available for all security types, Charles River IMS includes Charles River Manager for portfolio management and modeling; Charles River Trader for order management and 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. ; 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. SonicMQ with CAA provides an advanced fault tolerant messaging Fault Tolerant Messaging or Failover Abstraction is the ability to transparently “failover” a call or request from one service transport protocol to another upon failure with no changes to the functional code or business logic implementation. architecture, reducing failure recovery time from minutes to seconds. While most fault tolerant The ability to continue non-stop when a hardware failure occurs. A fault-tolerant system is designed from the ground up for reliability by building multiples of all critical components, such as CPUs, memories, disks and power supplies into the same computer. architectures rely entirely on custom coded solutions and expensive hardware-based mechanisms to ensure failover, Sonic delivers an embeddable software-based solution out-of-the-box using real-time replication between a pair of servers. Sonic CAA is also available as an option in the market leading Sonic ESB (Enterprise Services Bus) A message broker that supports Web services. See message broker, messaging middleware and Web services. (R) (enterprise service bus). "Global investment managers utilize our software for mission- critical front- and middle-office functions, including real-time trading, portfolio management and compliance. By leveraging Charles River IMS's distributed, multi-tiered service-oriented architecture See SOA. and incorporating Sonic's offering, we are able to ensure maximum performance and continuous availability of all trade details. Users will have even faster message updates 'pushed out' to them as soon as an event occurs," said Robert Hathaway, vice president of engineering at Charles River Development. "We reviewed all the major providers in this software category and we chose SonicMQ with Sonic CAA due to the fact that its leading performance, feature set, and high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. is the best fit with our service-oriented architecture and our customers' demanding requirements." "Charles River's selection of Sonic is yet more proof that messaging infrastructure has an immediate and very real impact on the business," said Hub Vandervoort, vice president of field operations for Sonic. "Continuously available communications is especially important for mission-critical 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. implementations, as failure at any point of connection means failure of the entire process, which is why the same infrastructure is used in our marketing leading Sonic ESB. Sonic is the only provider to deliver continuous availability out of the box without requiring special hardware or custom development." About Charles River Development Charles River Development is a market-leading provider of software and services to over 200 investment managers in the global institutional asset management, mutual fund, banking, pension, hedge fund, wealth management and insurance industries. The Charles River Investment Management System is a comprehensive front-to-middle-office software suite for all security types 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 real-time FIX-based electronic trading via the Charles River Network, a reliable, secure, private financial network. Charles River IMS features a modern, proven, N-Tier service-oriented architecture (SOA) that is highly scalable and supports continuous 24x7 operations. Charles River combined state-of-the-art (Java(TM), Microsoft .NET See .NET. and 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. ) and industry-standard technologies to ensure Charles River IMS is open, flexible, scalable, functionally rich, and easy-to-use. Message-based APIs and exposed Web Services facilitate rapid systems integration. The company offers many services to complement its software including implementation services and managed services (hosted and remote application management). Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, Paris, and Singapore. About Sonic Software Sonic Software is the inventor and leading provider of the enterprise service bus (ESB), a new communication and integration infrastructure that supports the enterprise requirements of a service-oriented architecture (SOA). Sonic's technology delivers the scalability, security, continuous availability and management capabilities necessary to connect, integrate and control distributed, mission critical business processes. Over 1,000 customers use Sonic products to achieve broad-scale interoperability of IT systems and the flexibility to adapt these systems to ever-changing business needs. Sonic is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Progress Software Corporation (Nasdaq: PRGS PRGS Phosphoribosylglycinamide Synthetase ), a global software industry leader. Headquartered in Bedford, Mass., Sonic Software can be reached on the Web at http://www.sonicsoftware.com, or by phone at +1-781-999-7000 or 1-866-GET-SONIC. SonicMQ and Sonic Continuous Availability are trademarks or registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the U.S. and other countries. Java and all Java-based marks are trademarks or service marks of Sun Microsystems, Inc. in the U.S. and other countries. Any other trademarks or service marks contained herein are the property of their respective owners. |
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