Charles River Development, a State Street Company, today
announced a collaboration with Cosaic leveraging their Finsemble
platform to streamline integration of third-party applications into
the Charles River Investment Management Solution (Charles River
IMS). Finsemble enables asset managers to connect their
applications together—modern or legacy, in-house or third-party –
providing investment professionals with seamless access to data
from Charles River IMS.
Built on the Financial Desktop Connectivity and Collaboration
Consortium (FDC3) protocol, Finsemble standardizes how applications
communicate, without having defined inter-application workflows
prior to deployment. FDC3-enabled applications can participate in
desktop workflows without any coding or manual integration,
enabling significantly faster deployment of new applications and
extending the lifetime of legacy applications.
“Investment firms increasingly look to on-board the latest
technology for risk management, trading and portfolio construction
in response to changing investor demands and regulatory
obligations. Finsemble’s innovative platform enables our customers
to embed approved partners and workflows into Charles River IMS,
accelerate time to market and enable their front office teams to
work more efficiently from a unified desktop,” said Michael
Beattie, Director of Product Strategy, Charles River Development.
“The collaboration with Cosaic underscores our commitment to
expanding Charles River’s partner ecosystem, providing customers
with access to a growing community of third party analytics, data
and applications providers.”
“We are thrilled to enter the next phase of our collaboration
with Charles River, enabling our mutual customers to gain greater
operational efficiencies with secure, certified interoperability
between Charles River IMS and their preferred applications,” said
Dan Schleifer, CEO, Cosaic, and co-founder of ChartIQ.
“Incorporating Finsemble will enable Charles River customers to
integrate new technology and services faster, independent from
Charles River’s release cycle, and help eliminate the need for
proprietary APIs and lengthy implementations.”
Today’s announcement expands on the collaboration launched in
2020, which incorporated Cosaic’s ChartIQ application into Charles
River IMS, empowering institutional traders with visualization
tools that deliver greater insight into data affecting investment
decisions.
Charles River IMS serves as the front and middle office
component of State Street Alpha℠, which provides global investment
managers, hedge funds, asset owners and insurers with a complete
front to back solution for risk management, portfolio construction,
trading, compliance, post-trade and back office services.
About Cosaic Cosaic provides state-of-the art software
for firms that want to promote ingenuity, evolve intelligently, and
improve end-user efficiency. Products include ChartIQ, the
world-renowned financial charting software, and Finsemble, the
smart desktop platform. As a workflow solutions provider, Cosaic is
revolutionizing the way people work with over 300 global customers
around the world, including Yahoo! Finance, E*TRADE, Charles River,
and Fidessa. Founded in 2012 as ChartIQ, Cosaic is a fast-growing
firm based in Charlottesville, VA with offices in New York, London,
and Hong Kong. For more information, please visit
https://cosaic.io.
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 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 Q1 2021)
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 $40.3 trillion in assets
under custody and/or administration and $3.6 trillion* in assets
under management as of March 31, 2021, 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 March 31, 2021 includes
approximately $60 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
Charles River Development - A State Street Company is a wholly
owned business of State Street Corporation (incorporated in
Massachusetts).
This document and information herein (together, the “Content”)
is subject to change without notice based on market and other
conditions and may not reflect the views of State Street
Corporation and its subsidiaries and affiliates (“State Street”).
The Content is provided only for general informational,
illustrative, and/or marketing purposes, or in connection with
exploratory conversations; it does not take into account any client
or prospects particular investment or other financial objectives or
strategies, nor any client’s legal, regulatory, tax or accounting
status, nor does it purport to be comprehensive or intended to
replace the exercise of a client or prospects own careful
independent review regarding any corresponding investment or other
financial decision. The Content does not constitute investment
research or legal, regulatory, investment, tax or accounting advice
and is not an offer or solicitation to buy or sell securities or
any other product, nor is it intended to constitute any binding
contractual arrangement or commitment by State Street of any kind.
The Content provided was prepared and obtained from sources
believed to be reliable at the time of preparation, however it is
provided “as-is” and State Street makes no guarantee,
representation, or warranty of any kind including, without
limitation, as to its accuracy, suitability, timeliness,
merchantability, fitness for a particular purpose, non-infringement
of third-party rights, or otherwise. State Street disclaims all
liability, whether arising in contract, tort or otherwise, for any
claims, losses, liabilities, damages (including direct, indirect,
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©2021 STATE STREET CORPORATION
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