Charles River, an enterprise-wide, front- and middle-office investment management solutions provider, has introduced electronic quotes and execution for foreign exchange in the Charles River Investment Management Solution (Charles River IMS).
Offered in partnership with 360 Treasury Systems (360T), a leading provider of web-based trading technologies for OTC financial instruments, the solution is now in beta and scheduled for general availability in Version 9.2. Clients will be able to receive real-time quotes and execute trades from Charles River IMS directly to more than 100 FX dealers and regional banks connected to 360T's liquidity hub.
"Adding sophisticated electronic quote and trading workflows for FX reduces the number of execution tools our clients need, ensures accuracy for audit and compliance purposes, and meets regulatory demands for transparency," said Tom Driscoll, Global Managing Director, Charles River. "We will continue to offer clients additional trading solutions from FX providers, like 360T, that enhance liquidity, increase speed, and improve efficiency."
"Regulations and workflow are re-shaping the multibank FX execution marketplace, fueling client demand for transparency and their need to lower costs and risk," said Carlo Kölzer, Founder and CEO, 360T. "Integrating 360T's award-winning, multibank pricing and technology in Charles River IMS, from order initiation to execution and confirmation, will help asset managers address new trading requirements, and create execution reports and TCA for OTC derivatives, including swaps, spot and NDF forward instruments."
The integration between 360T and Charles River is a single, mutually-developed interface for end-to-end FX trading. This allows clients to support best execution while streamlining trading workflows.