Instinet's Global Liquidity Now Available Through Charles River Investment Management System.
accessible by Charles River clients
ORLANDO, Fla. -- Charles River Development's Client Conference - Instinet Incorporated, a global leader in electronic trading 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).
"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([TM]), VWAP 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 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 and improve investment performance through the use of innovative electronic trading products, including smart-routing, algorithms, DMA, 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, 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) 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, 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, member SIPC. All rights reserved. INSTINET is a registered trademark in the United States and in other countries throughout the world.
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|Article Type:||Company overview|
|Date:||Oct 20, 2008|
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