Version 9.1: Advanced Execution Management Capabilities
Version 9.1 marks the Charles River Investment Management System’s transition from an order management system (OMS) with execution capabilities, to a complete, advanced order and execution management system (OEMS), on a single consolidated platform. Combined OEMS functionality eliminates the need to manage multiple systems – streamlining workflows and significantly lowering a client’s total cost of ownership.
“Having separate OMS and EMS systems can give an incomplete picture of order status, making it difficult to verify best execution,” says Stephen Engdahl, Director, Product Management, Charles River Development. “Unlike stand-alone EMS systems that only carry trader-level details, Version 9.1 has combined OEMS functionality, providing a ‘from the beginning’ order lifecycle audit trail – from portfolio manager to trader. Clients have a complete picture of order status and can see how an order is worked with multiple brokers and venues. Date/time and user stamps show what happened to the order and when. This is particularly important in Europe under the MiFID regulations that require transparency and best execution.”
Execution management capability is a core component of Charles River Trader, and there is no additional charge to Charles River clients leveraging Version 9.1 for OMS. Clients using older versions of Charles River IMS can leverage the firm’s hosted EMS solution, which is tightly-integrated and operates with local Version 8 installations – allowing deployment of a full OEMS or a standalone EMS (local or hosted).
“Generally, many OMSs are built on older technology that cannot support EMS capabilities, real-time updates, high volumes or scalability requirements,” says Tom Driscoll, Managing Director, Global, Charles River Development. “Version 9.1’s Charles River Trader Blotter is modern. It was designed for EMS performance, but is also combined with OMS functionality – offering clients the best of both worlds.”
Version 9.1’s EMS capabilities include:
- One-Click Execution – Simplify frequent, potentially-complex tasks
- Algorithmic Trading – Access more than 500 strategies from over 45 algorithmic providers
- Program Trading – Create, manage, slice, execute and monitor several programs simultaneously
- Integrated Real-Time Data – Interface seamlessly with all major data providers
- Interactive Level I and Level II Display – View depth of market data and easily execute from the top of the Order Book
- Synchronized Trader Blotter Display – Fine-tune displays, including docking and undocking displays, across multi-monitor configurations
- Watch Lists – Create or import watch lists for any set of securities
- Integrated News – Track market movements and identify events/trends for securities/portfolios
- Integrated Pre- and Post-Trade Transaction Cost Analysis (TCA) – Access pre- and post-trade analytics from over a dozen providers
- Trade Analytics – Evaluate and manage equity, fixed income, derivatives and FX orders with advanced capabilities, including improved fixed income workflows and curve construction
- Monitor Real-Time Implementation Shortfall – Monitor intraday via gain/loss indicators and program slippage screens
- Direct Market Access (DMA) – Increase control/lower overall trading costs via Multi-Broker DMA console
- Automated Smart Order Routing – Build sophisticated market data and account information into routing rules
- Extensive Customization Options – Integrate user-defined business logic directly in the Charles River Trader Blotter
For more information on Version 9.1’s execution management capabilities, please contact your relationship manager.
[ Back to top ]