Charles River® and S&P Global Market Intelligence Announce Collaboration to Streamline Primary Issuance in Charles River® IMS
November 28 2023 - 9:00AM
Business Wire
Charles River Development, a State Street Company, today
announced a collaboration with S&P Global Market Intelligence
that will enable firms to automate and streamline primary issuance
workflows in the Charles River® Investment Management Solution
(Charles River IMS).
Charles River’s interface to InvestorAccess, S&P Global
Market Intelligence’s digital primary market platform, provides a
seamless workflow that allows firms to create and manage orders in
a centralized location, access updated deal information, register
interest, and indicate order allocations. These capabilities help
firms increase efficiency, reduce risk, and enhance access to
liquidity.
“S&P Global Market Intelligence offers next-generation
workflow tools for the buy side and the integration of
InvestorAccess with Charles River® IMS will help clients better
manage compressed deal timelines and busy new issuance days,” said
Carl James, Head of Fixed Income and Municipal Capital Markets,
Networks & Regulatory Solutions, S&P Global Market
Intelligence. “InvestorAccess is a market-leading solution that
revolutionizes the primary market by electronically linking
buy-side and sell-side workflows, benefiting market participants
with integrated workflows for deal terms distribution and real-time
communication of orders and allocations.”
“Collaborating with S&P Global Market Intelligence will help
our clients improve efficiency, eliminate manual workflows by
providing seamless access to primary market new issuances, and
enhance access to liquidity,” said Terence Sharkey, Product
Manager, Charles River Development. “It will benefit Charles River
clients with real-time communications of orders and allocations and
distribution of consolidated, standardized deal terms.”
About Charles River Development, A State Street
Company
Investment, wealth and alternative managers, asset owners and
insurers in 30 countries rely on Charles River® IMS to manage USD
~$58 Trillion in assets. Together with State Street’s middle and
back office services, Charles River’s cloud-deployed front office
technology forms the foundation of State Street Alpha℠. Charles
River helps automate and simplify the 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 partner ecosystem enables
clients to access the data, analytics, application and liquidity
providers that support their product and asset class mix. With a
1700+ global headcount, Charles River serves clients in 11 regional
offices. To learn more visit www.crd.com.
(As of Q3 2023)
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 $40.0 trillion in assets
under custody and/or administration and $3.7 trillion* in assets
under management as of September 30, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 42,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of September 30, 2023 includes
approximately $58 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.
© 2023 State Street Corporation - All Rights Reserved
Charles River Development - A State Street Company is a wholly
owned business of State Street Corporation (incorporated in
Massachusetts).
©2023 STATE STREET CORPORATION
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the
importance of accurate, deep and insightful information. Our team
of experts delivers unrivaled insights and leading data and
technology solutions, partnering with customers to expand their
perspective, operate with confidence, and make decisions with
conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world’s foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world’s
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
Information Classification *General
6101801.1.1.GBL.
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version on businesswire.com: https://www.businesswire.com/news/home/20231127786251/en/
Media Mary Masi-Phelps marymasiphelps@crd.com + 1
781-425-6155
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