Boston and Frankfurt am Main – 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.
About Charles River
Charles River provides an end-to-end solution to automate front- and middle-office investment management functions across asset classes on a single platform. The solution offers a simplified operating model that includes enterprise software, data, application management/upgrades, hosting and FIX network to improve investment professional productivity, control risk and lower technology costs. Charles River serves more than 350 investment firms in 43 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, pension and custody markets.
About 360T Group
360T is an independent and globally-established trading venue. Its fast growth confirms the company’s status as a provider of web-based trading technology for over-the-counter (OTC) instruments, integration solutions and related services. Since its inception in 2000, the company has developed and maintained a state-of-the-art multi-bank portal for foreign exchange, cash and money market products and FX/interest rate derivatives.
360T’s secure global transaction network enables clients to trade with greater transparency and enhanced control at every stage of the trading lifecycle. The company also offers licensing of a hosted white labelled trading technology between a scalable group of price-takers and either proprietary price providers or a rich choice of back-to-back liquidity sources. 360T’s buy-side clients are national and multinational corporate treasuries, institutional clients (asset managers, hedge funds, commodity trading advisors), broker/dealers and banks. The company is authorised under German law and regulated by the German Federal Financial Supervisory Authority (BaFin).
Headquartered in Frankfurt am Main, Germany, 360T maintains subsidiaries in New York (360 Trading Networks Inc), Singapore (360T Asia Pacific Pte. Ltd.), India (ThreeSixty Trading Networks (India) Pvt Ltd) and Dubai (360 Trading Networks LLC).
Further information: www.360t.com