Charles River Development (CRD) offers three applications for the investment management industry: The Charles River Trading System (CRTS), the Manager Workbench and the ComplianceMaster (CM) Compliance Monitoring System. The Charles River Trading System is a multi-currency buy-side order management and trading system. The Charles River Manager's Workbench is a full-featured modeling tool capable of automatically creating orders and allocations across one or more portfolios. ComplianceMaster is a trade and portfolio monitoring system for investment managers used to ensure adherence to account guidelines, regulatory requirements, risk exposure limits and other portfolio or firm-wide objectives.
These three products can operate separately or as a single integrated system. All products are designed for global deployment, 24X7 operation and backed by 24X7 support.
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The Charles River Trading System includes the following major features:
- Support for all security types including equity, fixed income, money market, currencies and derivative instruments.
- Allocation optimization based on objectives and compliance restrictions
- Multi-currency cash forecasting
- Highly customizable trade blotter with custom sorting capabilities
- Dynamic position, cash and price updating on trade blotter
- Pre- and post-trade compliance monitoring
- Broker management including broker targets and tracking, commission defaults, IPO syndicate handling, soft dollar tracking, automated step-out handling, etc.
- Integrated real-time STP module for communication with Virtual Matching Utilities (VMU's) & external parties
- User-defined workflow and queuing facility
- STP Gateway to OMGEO CTM and others
- Open message based interface supporting HTTP/Tibco Rendezvous and MQ Series.
- External interfaces for brokers and custodians
- Comprehensive FIX Interface including IOI's, order placement, and automated execution
- OASYS and other interfaces to most major accounting systems
- Extensive reporting capability
Managers Workbench includes the following major features:
- An automated portfolio rebalancer/order generator
- "What If" modeling and analysis at the account and group level
- Invest/divest cash functionality
- Ability to view and transact position level tax lots
- Dynamic unrealized gain/loss display on short term and long term basis
- Dynamic realized and YTD gain/loss display on short term and long term basis
- Estimated income capability
- Estimated tax capability
- Proceeds and duration neutral swapping
- Single security or account-wide duration targeting
- Pre-trade compliance checking
- Custom displays, views and sorts
- Varied asset basis views with scenario specific generation options
ComplianceMaster includes the following major features:
- Daily monitoring of account/portfolio holdings and pre, post and batch execution monitoring of trades
- Account specific rule setup in an easy to use Windows environment using unlimited combinations of security, issuer / counter-party, account, position, trade, and other data.
- Centralized monitoring across multiple locations, accounting systems and trading systems
- Extensive data administration and missing data sleuthing, display, and reporting capabilities
- Pre-defined compliance test libraries for 1940 Act, Rule 2a-7 for money market funds, UK FSA, EU UCITs, German KAGG, Canada, Japan, HK, and others.
- Comparison to benchmarks
- Monitoring of ratings quality, diversification, voting control, and risk exposure
- Calculation and monitoring of gross and net exposures to options, futures, swaps, reverse repos, forwards and other leveraged securities
- Foreign currency exposure and hedging analysis including forwards and FX trades
- User-defined sub-account, account, account group and complex-wide monitoring
- Multi-currency translations performed throughout, allowing different base account, complex-wide, account group, local, and settlement currencies and concentration monitoring in any currency
- Message-based API for interfacing with external trading systems for pre and post-trade compliance checking
- Streamlined user-friendly window for rule building
- If-Then-Else test logic
- 'Look Through' fund capability
- User-defined compliance parameters
- Continuous 24 x 7 system operation
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