Prestigious Awards Program Recognizes
Outstanding Financial Technology Products and Companies
Charles River Development, a State Street Company (NYSE:STT),
today announced that its Charles River Investment Management
Solution (Charles River IMS) has been selected as winner of the
“Best Trading Platform” award in the fifth annual FinTech
Breakthrough Awards program conducted by FinTech Breakthrough, an
independent market intelligence organization that recognizes the
top companies, technologies and products in the global FinTech
market today. Charles River Development was a winner in last year’s
awards program, having been recognized for “Best Wealth Management
Platform”.
Charles River IMS combines Order and Execution Management on a
single platform, integrated with data, FIX connectivity and trade
analytics. The solution allows traders to automate trade execution
strategies, find liquidity, execute trades across all asset classes
and currencies, and ensure compliance from one blotter.
Additionally, Charles River IMS enables investment firms and
wealth managers to eliminate the multiple interfaces, fragmented
workflows and order staging problems inherent with separate order
and execution management platforms. By combining OMS and EMS (OEMS)
capabilities, the solution streamlines workflows and improves
communication between portfolio managers and traders. Multi-asset
order and execution management capabilities also improve trade
execution and provide access to more than 1200 liquidity providers
including brokers, broker algorithms, and ECN’s.
“Charles River IMS is a powerful platform, supporting the full
range of financial products, from asset class-specific to solution
oriented, and complex multi-asset products, including derivatives,”
said James Johnson, Managing Director, FinTech Breakthrough. “This
represents a true FinTech breakthrough and we’re proud to be able
to award Charles River Development with our ‘Best Trading Platform’
award in the 2021 FinTech Breakthrough Awards program.”
The FinTech Breakthrough Awards is the premier awards program
founded to recognize the FinTech innovators, leaders and
visionaries from around the world in a range of categories,
including Digital Banking, Personal Finance, Lending, Payments,
Investments, RegTech, InsurTech and many more. The 2021 FinTech
Breakthrough Award program attracted more than 3,850 nominations
from across the globe.
“Investment managers are challenged by growing complexity,
resulting in fragmented workflows and lost productivity. Our global
solution provides traders with a single, consistent interface for
trading equities, fixed income, derivatives, futures and FX,” said
Michael Beattie, Director of Product Strategy, Charles River
Development. “We are thrilled to be recognized for our multi-asset
trading platform in the 2021 FinTech Breakthrough Awards
program.”
Deployed in the Microsoft Azure cloud, Charles River’s open
architecture platform provides interoperability with a growing
ecosystem of third-party trade analytics, TCA, data and liquidity
providers. This enables all firms, from hedge funds to large
institutional multi-fund firms to address the demands of their
investment process and product mix. The EMS is supplied with
real-time Level I & II data, time and sales, price history,
news, indications of interest (IOI), valid counterparties, and
dealer inventory, providing traders with a complete picture of
price, liquidity and volume. Extensive analytics and integrated
pre- and post-trade TCA help traders quickly discover and
incorporate market signals into trading decisions.
About Charles River, A State Street Company
Investment firms, asset owners, wealth managers, hedge funds and
insurers in more than 30 countries rely on Charles River’s front
and middle office investment management platform to manage more
than US$30 Trillion in assets. Together with State Street’s middle
and back office capabilities, Charles River’s cloud-deployed
software technology forms the foundation of State Street AlphaSM.
The Charles River Investment Management Solution (Charles River
IMS) is designed to automate and simplify the institutional
investment process across asset classes, from portfolio management
and risk analytics through trading and post-trade settlement, with
integrated compliance and managed data throughout. Charles River’s
growing partner ecosystem enables clients to seamlessly access
external data and analytics, applications and liquidity venues that
support the unique demands of their product and asset class mix.
Headquartered in Burlington, Massachusetts, we serve clients
globally with more than 1,000 employees in 11 regional offices.
(Statistics as of as of February 2021)
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and
recognition platform for technology innovation and leadership
around the globe, the FinTech Breakthrough Awards program is
devoted to honoring excellence in Financial Technologies and
Services companies and products. The FinTech Breakthrough Awards
provide public recognition for the achievements of FinTech
companies and products in categories including Payments, Personal
Finance, Wealth Management, Fraud Protection, Banking, Lending,
RegTech, InsurTech and more. For more information visit
FinTechBreakthrough.com.
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 $38.8 trillion in assets
under custody and/or administration and $3.5 trillion* in assets
under management as of December 31, 2020, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of December 31, 2020 includes
approximately $75 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.
© 2021 State Street Corporation - All Rights Reserved State
Street Corporation, One Lincoln St, Boston MA 02111
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owned business of State Street Corporation (incorporated in
Massachusetts).
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