Internationale Kapitalanlagesellschaft (INKA) has selected the Charles River Investment Management System (Charles River IMS) to support its German and international equity and fixed income order management and compliance monitoring services.
INKA is a registered Master KAG based in Dusseldorf, Germany, with more than EUR25 billon under management. In Germany, investment advisors do not perform compliance checks or produce regulatory reports for their clients. Instead, each client appoints a Master KAG to perform these functions. As a Master KAG, INKA has selected Charles River Trader and Charles River Compliance, two components of Charles River IMS, to automate and expand these service offerings.
Charles River Trader provides INKA with capabilities for securities order management and electronic liquidity access. Charles River Compliance enables INKA to perform global, real-time, pre-trade, post-execution and portfolio-level compliance monitoring.
INKA commonly receives trade orders from investment advisors in the form of spreadsheets, text files and faxes, or via a variety of external trading platforms. A universal translation interface, developed by Charles River, will translate incoming trade orders into XML messages in real-time.
These messages will seamlessly populate the Charles River Trader blotter (where INKA can easily manage large volumes of disparate orders) and Charles River Compliance will perform automated, real-time pre-trade compliance checks. INKA can then route compliant trades to external brokers or a custodian execution desk. The entire pre-trade compliance process can take as little as three seconds to complete.
Post-execution trade details returned to Charles River IMS enable INKA to run intra-day and portfolio-level compliance reports. An interface between Charles River IMS and INKA’s Vega fund accounting system also eliminates the need to re-key data.