Massachusetts-based Charles River Development is to interface its investment management system (IMS) with multi-bank foreign exchange trading portal, FXall.
Charles River says the interface, which employs the FIX messaging protocol, will deliver straight-through processing (STP) to clients transacting over FXall by eliminating manual processing and automating the FX trade lifecycle, from pre-trade to execution and post-trade, including portfolio management and trade confirmation.
Users will be able to receive fully automated prices from Fxall directly. The deal will then be processed by the IMS.
Peter Lambertus, CEO and president, Charles River, says: "Achieving straight-through processing throughout the trade lifecycle is a priority for all our asset management clients, as are best execution and access to a wide range of counterparties.
"Partnering with FXall will enable us to deliver on every count, streamlining the transaction process and giving clients access to automated pricing from 47 leading liquidity providers."