Instinet's Global Liquidity Now Available Through Charles River Investment Management System.
Agency broker's global liquidity pools and algorithms now directly
accessible by 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. clients
ORLANDO, Fla. -- Charles River Development's Client Conference - Instinet Incorporated, a global leader in 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. and agency-only brokerage services, today announced that its ATS (alternative trading system) platforms around the world and global suite of algorithms are now directly available to 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. ).
"Instinet has long pursued a global policy of openness with our liquidity, and today's agreement with Charles River is further evidence of our commitment to this philosophy," said Frank Freitas, Head of Global Product Strategy at Instinet. "We believe this agreement will help improve the workflow of Charles River's global client base, and at the same time potentially add liquidity to our global ATS platforms."
"Charles River is committed to providing our global clients with new trading tools and strategies that streamline workflow and facilitate best execution," said Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. "Charles River IMS offers seamless access to international liquidity pools across all asset classes, which now includes Instinet's global pools of agency-only liquidity and algorithms."
With the integration, Instinet's global platforms are now available as a "destination" within the Charles River IMS. Accessible via a single global order ticket, these include the Instinet Execution Experts([TM])suite of global algorithms, Instinet's eight dark pools around the world (Instinet CBX (Computerized Branch eXchange) Same as PBX. ([TM]), VWAP VWAP
The volume-weighted average price. Cross, Intraday Cross and Overnight Cross in the U.S.; BlockMatch([R]) in Europe; and CBX Japan([TM]), JapanCrossing([TM]) and KoreaCross([TM]) in Asia) and the Chi-X([R])platforms in Europe and Canada.
Instinet and Charles River Development are longtime partners. FIX connectivity integration has existed between the firms' respective trading platforms since 2002, and more recently, Instinet's ATS platforms have become endpoints within the broker-neutral Charles River Network.
Instinet is an electronic trading pioneer, having established the world's first significant electronic trading venue in 1969, one of the first recognized U.S. ECNs in 1997 and the first pan-European MTF (1) (Modulation Transfer Function) A measurement of monitor sharpness. MTF compares the contrast ratio between alternating black and green lines that are one pixel thick. in 2007. Through its subsidiaries and affiliates, Instinet operates two distinct business lines: a global network of agency-only brokers that seek to help institutions lower overall trading costs Trading costs
Costs of buying and selling marketable securities and borrowing. Trading costs include commissions, slippage, and the bid/ask spread. See: Transactions costs. and improve investment performance through the use of innovative electronic trading products, including smart-routing, algorithms, DMA (1) (Digital Media Adapter) See digital media hub.
(2) (Document Management Alliance) A specification that provides a common interface for accessing and searching document databases. , dark pools and EMS platforms, and also provide sales trading, commission management services and independent research; and the Chi-X([R]) trading systems, which aim to improve the efficiency of capital markets globally by providing high-performance, low-cost alternative execution venues. Instinet is a wholly-owned subsidiary of Nomura Holdings, Inc. For more information, please visit www.instinet.com.
About Charles River Development
Charles River Development is an award-winning provider of technology systems and services to over 300 investment firms in the institutional, mutual fund, banking, 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, insurance and pension industries. The Charles River Investment Management System is a comprehensive front- and middle-office software suite 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 broker-neutral Charles River Network that is fully integrated with Charles River IMS.
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 facilitate rapid systems integration.
The company also offers implementation and managed services (hosted and remote application management). Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, 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 , Paris, Singapore and Tokyo.
Charles River is the recipient of numerous recent industry awards including: Best Buy-Side Order Management System, TradeTech 2008, 2007; FinTech Top 100, American Banker/Financial Insights 2008, 2007; European Front Office IT Company of the Year, Funds Europe 2007 Awards; and Best Buy-Side Order Management System and Best Integrated Front-Office Platform, Buy-Side Technology 2007 Awards.
[c]2008 Instinet, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . All rights reserved. INSTINET is a registered trademark in the United States and in other countries throughout the world.