EdgePoint goes live on Charles River IMS

Source: Charles River

Charles River, a front- and middle-office investment management solution provider, today announced that EdgePoint Investment Group Inc. (EdgePoint), a global asset manager based in Toronto, is live on the hosted Charles River Investment Management Solution (Charles River IMS).

EdgePoint users now have a single, fully managed solution for portfolio management, trading and compliance across its domestic and international equity and fixed income operations. EdgePoint also leverages Charles River's broker neutral FIX network for global electronic trading.

Charles River's front-to-middle office solution supports EdgePoint's increasing trade volumes and business growth and enabled the firm to replace several platforms including consolidation of order and execution management systems.
"With Charles River's flexible decision support tools, we've been able to increase productivity so our portfolio managers and traders can create and place trades more easily, saving time and improving execution," said Craig Donoff, Head Trader, EdgePoint. "We've increased efficiencies and reduced our compliance risk throughout the investment management process. Since Charles River hosts and manages the application day-to-day, we can respond more quickly to investor and market demands, further fulfilling our best execution obligations."

"Charles River has served Buy-Side firms across Canada for many years, and our hosted service gives clients like EdgePoint easy access to the latest capabilities," said Tom Driscoll, Global Managing Director, Charles River. "Charles River takes care of the upgrades and ensures the necessary data which simplifies the system for the client at a more manageable and predictable cost."

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