FINCAD Analytics Integrated into Version 8.2 of the Charles River Investment Management System
Vancouver, BC, Canada July 1, 2008
Following rigorous beta and regression testing, Version 8.2 of the Charles River Investment Management System introduces significant enhancements and new functionality for managing and trading derivatives and fixed income instruments. Customized tools streamline workflows, and fully-integrated real-time market data delivers best execution. New compliance capabilities, including expanded 'pre-built' rule libraries, support new global and local regulatory requirements. This upgrade completes Charles River’s initial integration with FINCAD Analytics.
"Version 8.2 is an 'end-to-end solution' for listed and OTC derivatives," said Peter Lambertus, President and CEO, Charles River Development. "Our over 30 clients who participated in our beta program validated that Version 8.2 improves their derivatives trading workflows - from portfolio analytics through trade capture and settlement." Version 8.2, developed with significant client input, supports a broad array of complex rate and credit derivatives instruments, including: CDS Index Tranches, Basis Swaps and Overnight Index Swaps, among others. It also completes Charles River's initial integration with the FINCAD analytics engine, providing enhanced coverage for fixed income securities of varying coupons payments, including: 28-, 81- or 181-day, as well as expanded day count basis for business days/252, and NL.365. Version 8.2 now covers country-specific bonds and securities for Chinese, Czech, Colombian, German, Japanese, Korean, Mexican, Polish and Thai instruments, bringing the total supported to 41 countries. In addition, a new direct-dealer inventory, integrated into the Charles River IMS Blotter, allows buy-side traders to establish electronic point-to-point broker connections and receive fixed income inventory directly into Charles River IMS.
"Charles River IMS Version 8.2 assesses every aspect of our derivatives trading," said Simon Lumsdon, Head of IT, BlueBay Asset Management. "Data and STP are key issues, and connectivity with key data providers is a big step towards ensuring consistency and standardization. Analytics are also key for trading derivatives. With embedded FINCAD analytics, Version 8.2 will enable us to grow our business."
“The demand for software vendors to cover new and complex financial instruments is unrelenting.” said Bill Stewart, Vice President of Sales, FINCAD. “To support new demands, it is important to partner with the best in the field. FINCAD appreciates Charles River Development’s drive to meet all of their customers’ needs and we’re pleased that they are meeting those needs via the use of FINCAD analytics within their system”
With the release of Version 8.2 clients of the Charles River Investment Management System can now calculate and manage their specific premium risk exposure to derivatives. Expanded 'pre-built' rule libraries cover over 1,700 regulatory and general example rules across 30+ regulatory bodies and 20+ countries, including new or expanded rules for Australia, Austria, Hong Kong, Japan, Singapore, South Africa and Switzerland.
About FINCAD
FINCAD provides software and services that support the valuation and risk management of financial securities and derivatives that is essential for banks, hedge funds, corporate treasuries and asset management firms. FINCAD’s industry standard financial analytics are a key component in FINCAD solutions that are used by more than 25,000 professionals in over 70 countries.
About Charles River Development
Charles River Development is an award-winning provider of technology systems and services to over 290 investment firms in the global institutional, mutual fund, banking, hedge fund, wealth management, insurance and pension industries. The Charles River Investment Management System (Charles River IMS) is a comprehensive front- and middle-office software suite for all asset classes. The system incorporates global real-time electronic trading via FIX through the Charles River Network, a broker-neutral financial network that is fully integrated with Charles River IMS. The company offers many services including 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. www.crd.com
Media Contacts:
Tracey Ho Sui
Direct: +1.604.957.1222
Email: t.hosui@fincad.com
http://www.fincad.com