Charles River Development (Charles River), a front- and middle-office investment management solutions provider, announced today that the Funds Europe Awards 2011 named Charles River as the “European Front Office of the Year.” Presented in London on December 1st, the award recognizes the Charles River Investment Management System (Charles River IMS) and is the latest in a series of major industry awards for Charles River in 2011. Charles River IMS is the firm’s enterprise solution for portfolio management, order and execution management, performance measurement, attribution and risk, compliance and post trade processing.
“In a tightly fought category involving well-established products, Charles River demonstrated to the judges that it had made the more significant enhancements over the last 12 months,” said Nicholas Pratt, technology editor, Funds Europe. “These included the move to a hosted/managed service, a broadening of asset types and enhanced performance, attribution and risk capability.”
“This award validates Charles River’s continued product investment and commitment to delivering global solutions for fund managers across Europe and the world,” said Tom Driscoll, managing director, Global, Charles River Development. “Our latest release Version 9 is a complete front and middle office solution representing a $120 million dollar R&D investment combined with enhanced hosting, application management, data services and FIX network services.”
Charles River serves over 300 clients in 41 countries globally, including 72 buy-side firms across the EMEA region.
Charles River’s selection as “European Front Office of the Year” by theFunds Europe Awards 2011 follows several recent honors, including: AsianInvestor’s 2011 Service Provider Awards, “Best OMS;”Buy-Side Technology 2011, “Best Technology Provider of the Year;” Investment Technology Awards 2011, “Top OMS in Canada;” and American Banker/Financial Insights 2011, “FinTech Top 100.”
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