Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, has enhanced the Charles River Network, its broker-neutral financial network for global real-time electronic trading via FIX (Financial Information eXchange), with secure, internet-based Virtual Private Network (VPN) capabilities.
This solution allows firms to use the internet, instead of traditional dedicated telecommunications infrastructure, to trade electronically via FIX. A secure VPN Interconnect Hub within the Charles River Network lowers cost and eliminates telecommunications infrastructure and complexity.
"The Charles River Network has always offered reliable global access to a wide variety of liquidity sources," said Ed Fitzpatrick, Director, Network Services, Charles River Development. "Now, integrated VPN functionality gives investment managers and brokers with few counterparties, or those in remote locations with high telecommunications costs, a secure and low-cost alternative for FIX connectivity."
"Charles River is seeing rapid adoption of FIX in emerging markets, such as China, Brazil and Mexico," said Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. "VPN connectivity for FIX is particularly attractive for firms in these markets because they can quickly get up and running with little investment. Even for firms that want to use a dedicated telco infrastructure for FIX, there can sometimes be significant lead time for telco installation. In these cases, VPN connectivity is a good temporary solution."