Charles River Development
Charles River Trader, part of the Charles River Investment Management System, offers full order and execution management (OEMS) in a single system. Charles River Trader supports multi-currency trading for all asset classes including: equities, fixed income, FX, options, futures, and complex derivatives. Traders can customise their trading blotter to display all necessary trade information on one screen, such as watch lists; market depth; time and sales; pre-trade TCA and real-time price charting.
Charles River Trader supports FIX versions 4.0, 4.2, 4.4. The firm’s FIX network is based on a point-to-point network architecture to minimise latency as compared to more traditional hub and spoke networks where the centralised software hub adds additional round trip time for every message. New or modified algorithms are deployed via a broker pack, which can be imported in one simple step.
Charles River Trader is integrated with market data from: Bloomberg, FactSet Marquee, Interactive Data TurboFeed, ITG Logic, Markit Group Limited, Proquote, Quick, Telemet Orion, The Yield Book and Thomson Reuters.
Routing and trading venues
Charles River’s Asia clients can access over 150 liquidity venues globally and algorithmic suites of 60 brokers.
Charles River provides a number of SOR capabilities allowing clients to auto route orders meeting user definable criteria to either a specific execution venue or a ‘round robin’ list of execution venues. Additional capability is planned to support criteria such as comparison to commission targets for each execution venue.
Charles River is currently developing and testing its connectivity to the Shanghai and Shenzhen stock exchanges, as buy-side firms in China require direct connectivity to access the markets.