The California Public Employees' Retirement System (CalPers) has begun implemention of Charles River Development's Investment Management System (IMS) to support its domestic equity trading operations.
Charles River IMS is an integrated, front and middle office suite for portfolio management, order management and real-time compliance.
The vendor will provide CalPers with interfaces to Princeton Financial Systems' Pam accounting system for the transfer and synchronisation of trading and security data, State Street Bank for the transfer of trade and allocation data, and to ITG QuantEX for FIX messaging.
According to Mark Anson, CalPers chief investment officer, reporting capabilities and pre/post-trade compliance were high on the firm's list of priorities.
"We appreciate the tight integration between their electronic trading capabilities and real-time compliance engine and the embedded connectivity to Oasys – both will facilitate a paperless workflow," adds Anson.
CalPers plans to roll out the system to ten employees by October this year.