Software provider Charles River Development unveiled a new Version 8 of its front- and middle-office software suite, the Charles River Investment Management System, marking the conversion of the system to N-Tier distributed processing and the three-quarters mark in delivering new Microsoft C# .NET application windows.
The software contains hundreds of functional enhancements for portfolio managers, traders, compliance officers, and settlements personnel at institutional, hedge fund, and wealth management firms.
“In 2005, Charles River has signed 54 new client contracts to date, the majority of which based their decision on our superior technology platform and all that Version 8 offers, as well as our company’s leadership position in implementation, client support, and relationship management,” said Peter Lambertus, president and CEO at Charles River.
Charles River IMS is undergoing a phased technology evolution to a distributed, service-oriented architecture (SOA) that encompasses best-of-breed technologies such as Java, J2EE, Microsoft .NET, and Web services.
The end result of the conversion is said to be an investment management platform that offers a wide variety of deployment options, unmatched flexibility and functionality, and maximum scalability regardless of long-term technology-trends.
“Clients will appreciate the rapid application development that results from our use of this new technology,” said Robert Hathaway, vice president of engineering at Charles River. “Our development team can now deliver in days what previously might have taken weeks to develop.”
The Version 8 adds more than 600 Web services, 200 of which are exposed for client use and cover the entire order life cycle. It also contains a number of significant new features in modeling, order generation and fixed income, derivatives and foreign exchange trading.