Charles River Development, a State Street Company, and Liquidnet
have expanded their partnership, enabling fixed income and
enhancing equity trade blotter sweep capabilities within the
Charles River Investment Management Solution (Charles River IMS).
The cross-asset capabilities augment Liquidnet and Charles River’s
longstanding partnership to improve liquidity seeking and price
discovery functions for institutional investment managers, asset
owners and hedge funds.
The offering provides the firms’ mutual clients with expanded
access to a growing amount of global liquidity, advanced trade
automation, and a suite of analytical decision support
applications. Equity and fixed income traders can now sync their
Charles River IMS trade blotter with Liquidnet continuously, to
seek to match and execute trades.
“Charles River continuously adds new trade automation and
decision support capabilities to our platform,” said John Plansky,
CEO, Charles River. “The expanded partnership with Liquidnet
further automates our clients’ ability to access liquidity directly
across asset classes, improving trade transparency and execution
quality. This is a great example of the traction the platform is
receiving from key clients and partners who want to access the
enhanced trading functionality and services as well as deeper pools
of liquidity.”
“We are constantly pursuing opportunities to help our Members
source liquidity in global equity and fixed income markets more
efficiently while reducing trading costs and minimizing information
leakage,” said Brian Gay, Liquidnet’s Global Head of OMS/EMS
Partnerships. “Our mutual clients, including many of the world’s
largest asset managers, understand the compelling value offered by
the interoperability of Charles River IMS and Liquidnet.”
Charles River was acquired by State Street Corporation in
October 2018 and the combined companies are developing the
industry’s first ever global front-to-back investment servicing
platform**. This platform, supported by deep enterprise data
management capabilities, will enable investment workflows, provide
advanced data aggregation, analytics and compliance tools, and
connect and exchange data with other industry platforms and
providers.
About Charles River, a State Street Company
Charles River Development, a State Street Company, enables sound
and efficient investing across all asset classes. Investment firms
in more than 40 countries use Charles River IMS to manage more than
US$25 trillion in assets in the institutional investment, wealth
management and hedge fund industries. Our Software as a
Service-based solution (SaaS) is designed to automate and simplify
investment management on a single platform – from portfolio
management and risk analytics through trading and post-trade
settlement, with integrated compliance and managed data
throughout.
Headquartered in Burlington, Massachusetts, we support clients
globally with more than 750 employees in 11 regional offices.
For more information, please visit www.crd.com.
About Liquidnet
Liquidnet is a technology-driven, global institutional
investment network that intelligently connects the world’s
investors to the world’s investments. Since our founding in 1999,
our network has grown to include more than 1,000 institutional
investors that collectively manage $33 trillion in equity and fixed
income assets. Our network spans 46 markets across six continents
and seamlessly connects institutional brokers, investment banks,
exchanges, alternative trading venues, and a growing list of data
and research providers. We built Liquidnet to make global capital
markets more efficient, and continue to do so by adding additional
participants, enabling trusted access to trading and investment
opportunities, and delivering the actionable intelligence and
insight that our customers need. For more information, visit
www.liquidnet.com and follow us on Twitter @Liquidnet.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $33.99 trillion in assets
under custody and administration and $2.81 trillion* in assets
under management as of September 30, 2018, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s website at
http://www.statestreet.com/platformforgrowth.
*This figure is presented as of September 30, 2018 and includes
approximately $28 billion of assets with respect to SPDR products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
**offered by a single provider
The whole or any part of this report may not be reproduced,
copied or transmitted, or any of its contents disclosed to third
parties without State Street’s express written consent.
Investing involves risk including the risk of loss of
principal.
The material presented herein is for informational purposes
only. The views expressed herein are subject to change based on
market and other conditions and factors. The opinions expressed
herein reflect general perspectives and information and are not
tailored to specific requirements, circumstances and / or
investment philosophies.
Expiration Date: December 17, 2019©2018 State Street Corporation
- All Rights ReservedState Street Corporation, One Lincoln St,
Boston MA 02111
2350912.1.1.AM.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190109005127/en/
Media Contacts: Mary Masi-Phelps, Charles River
Development, +1 781-425-6155,MaryMasiPhelps@crd.com
Marisha Mistry, Liquidnet, +1 646-674-2248,
mmistry@liquidnet.com
State Street (NYSE:STT)
Historical Stock Chart
From May 2024 to Jun 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2023 to Jun 2024