Charles River IMS automates the entire trade life cycle from portfolio management to settlement, helping clients gain efficiencies while reducing costly errors and failed trades. “Since the introduction of NI 24-101, the ability to facilitate same-day affirmation of trade results has been more important than ever for our Canadian clients. “We have a substantial Canadian client base of more than 20 buy-side firms and understand the unique requirements of this market,” says Tom Driscoll, Vice President, Sales and Marketing, Charles River Development. Our complementary solutions help fiduciaries evolve their compliance processes and adopt the highest standards of practice available.” Risk management has emerged as the industry’s top priority. “Current market conditions point to an industry need for improved governance and efficiency in all aspects of the investment management process. According to Jayson Horner, Co-founder and CEO of CanDeal, the integration with Charles River IMS is consistent with the spirit of the regulation and reflects its objectives in market practice. NI 24-101 was introduced in 2007 by the Canadian Securities Administrators as a framework for ensuring more efficient and timely settlement processing of trades.
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MONTREAL, Quebec & TORONTO Ontario (January 22, 2009) - CanDeal, the leading online marketplace for Canadian debt securities, and Charles River Development, an award-winning provider of financial software and services to the global investment management community, are extending a strategic initiative that integrates the Charles River Investment Management System (Charles River IMS) and CanDeal marketplace to help Canadian buy-side firms address National Instrument 24-101 (NI 24-101) and other regulations by automating trade settlement. Integrated Solutions Create Seamless Trade Settlement to Meet Fiduciary Goals
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