Charles River Investment Management SystemCharles River Trader Fixed Income, Fixed Income Derivatives, and Foreign Exchange Securities Comprehensive tools to automate and streamline global dealing operations and workflow . supports all asset classes. accommodates customised workflows and trading desk setups. Charles River Trader provides full multi-currency capabilities. and allows for 24 X 7 global operations.Charles River Trader is the industry's premier trading and order management system for dealers and traders and is deployed at many of the world's leading investment management organisations. Designed from inception as a global system. .. Charles River Trader provides the tools necessary to support complex fixed income trading. and seamless connectivity to trade execution and settlement systems for straight-through processing (STP). and Foreign Exchange Dealing / Trading Charles River Trader helps improve investment performance by streamlining and organising the daily workflow associated with fixed income. fixed income derivatives. without manual security data input Bonds and Notes • Supports full range of instruments • Track and monitor bids and offers for both individual trades and lists of trades • Extensive support of sovereign and international bonds. for seamless electronic execution Dealers and traders can customise the Charles River Trader blotter to facilitate fast order entry and access to necessary functions. the system provides comprehensive analytics through an embedded FINCAD® Analytics engine and by facilitating the import of additional analytics on a beginning-of-day or as-needed basis. • • • • • • Key Benefits Streamline trade order management and minimise transaction costs Reduce data entry errors Monitor compliance and exposure across an organisation Customise workflows and displays by user Maintain comprehensive audit trail Improve efficiency through electronic integration to third-party trading destinations Fixed Income Designed to support all security types and their associated structures. Investment managers using Charles River Trader benefit from a reduction in execution errors. The system supports a comprehensive set of global investment instruments. a comprehensive audit trail. including index-linked government bonds • Integrated with execution platforms. and integrates with third-party trading platforms to facilitate electronic trading. In addition. • Set up multiple customised real-time blotters to meet individual dealer workflow requirements • Easily configure system to accommodate trader and manager as separate workflows or as one combined function • Transact characteristic-based 'generic' orders utilising dealer bond inventories • Display real-time trade date and / or settlement date cash as well as cash flow forecasting • Create new securities quickly for efficient executions. quick security set up.e. and foreign exchange (FX) trading. offers highly configurable workflow capabilities. including the rapid and automatic completion of bulk activities across large groups of orders. including Thomson TradeWeb and MarketAxess. A dealer can refine virtually all aspects of the blotter to his or her preferences. and downstream trade processing.Fixed Income. i. A user-configurable blotter presents tools for real-time trading / pricing. Fixed Income Derivatives. Charles River Trader presents all of the trade. Charles River Manager (the portfolio management component of Charles River IMS). total return) • Capture standard jurisdictional ISDA® Credit Default Definition Agreement terms • Option to leverage FINCAD derivative valuation modules for broad analytic functionality In one window. asset. .. incorporating The Bond Market Association® calendar and standard product codes for creation of the TBA CUSIP and settlement date • Easily generate TBA sell and dollar roll transactions from existing inventory for one or many accounts using The Bond Market Association calculator in Charles River Manager • Conduct pre-trade. credit default. economic. and forward roll transactions • Efficiently take delivery of TBA pools using Electronic Pool Notification (EPN) or EaSyPool (ESP) interfaces Fixed Income Derivatives Charles River Trader supports numerous derivative structures and can be used to manage interest rate and credit risk exposure.g. forwards. • Manage exposure through full range of futures. post-execution. pair-offs. • Quickly create initial TBA sell transactions. interest rate) • Execute single security credit swap trades (e. and options functionality • Execute single and cross-currency rate swap trades (e. Dealers can configure a personalised view of the order entry window to target exact data capture requirements specific to their workflow. from both the Workbench in Charles River Manager and the blotter in Charles River Trader. including collateral management Mortgage-Backed Securities / TBAs Together. turns.g. and Charles River Trader offer complete automation for mortgage-backed securities (MBS) and 'to be announced' (TBA) processing. and end-of-day compliance on TBA trades and positions • Track original versus net open TBA par at the order level in real time.Money Markets • Trade on issuer availability limits ('room-in-a-name') and approved issuer lists • Comprehensive pre-trade / post-execution money market (US SEC Rule 2a7) compliance • Integrated with Thomson TradeWeb for seamless money market electronic execution • Quick security set up from pre-defined issuer-counterparty / obligor / guarantor templates and real-time data from major data sources • Support for repos and reverse repos. and referential details of a swap transaction. taking into account full and partial pool assignments.. including the parent security details and those of the two 'legs' of the swap. and analytics are always synchronised. Analytics Leverage the extensive capabilities of the embedded FINCAD Analytics engine across all instrument types. Data & Analytics Charles River Trader provides comprehensive data and analytics coverage through an embedded analytics engine and by allowing traders to import additional third-party analytics on a beginning-of-day or intraday basis. trades. currency pair. traders can feel confident that their data. points. deal a group of trades. including structured options. theta. Dealers can set the spot rate. Dealers can automatically generate FX spot and forward transactions for trade settlement. Charles River provides interfaces for major market-leading sources and through tight integration. etc. Traders can also import their preferred analytics from best-of-breed sources such as The Yield Book®. and settlement date • Auto-generate net FX spot orders to cover settlement date cash requirements • Generate currency forward orders automatically to accommodate hedging requirements The Charles River Trader blotter offers extensive FX functionality. then execute as a 'done deal' or electronically via FIX. and then execute appropriate strategies efficiently. FINCAD supports traditional instruments and also provides broad derivatives coverage.g. Set the synchronisation to occur on a beginning-of-day basis. and dynamically trade single or multiple currency pairs. delta. rate. and / or refresh data intraday as needed. • Create spot or forward orders quickly using FX dealing window • Trade currency forwards with complete workflow support. gamma. • Produce cash flows for fixed income and derivative instruments • Calculate risk measures (e. rho. and credit derivatives. It is also easy to trade securities that are not already in the Security Master by simply importing referential and associated analytics data from a variety of market-leading sources on a single security basis.. Reference Data Charles River Trader synchronises with numerous reference data sources to ensure traders always possess correct referential data on a security prior to conducting a trade.Foreign Exchange Consolidated FX functionality makes it easy to view unsettled trade exposure or a portfolio's overall exposure to currency risk.) and swap analytics • Generate forward and discount curves for valuations . including roll requirements • Automatically net settlement currency requirements by account. and deal rate. and more • Automatically generate FX spot and forward transactions for trade settlement and hedging • Send orders electronically and automatically receive back multiple-fill executions • View fills and average price and track leaves Charles River Trader's distributed architecture allows for the following high-speed automatic trade processing tasks to occur in the background: • Process unsolicited fills and drop copy orders • Import trades or executions from spreadsheets or files • Automatically merge orders when traders take ownership • Compute and display available trade date cash in the blotter • Determine default settlement dates based on exchanges and security types • Calculate execution fees and settlement amounts in multiple currencies using available FX rates . including allocation messages. FIX Charles River is an industry leader in advancing electronic connectivity standards and offers embedded electronic FIX (Financial Information eXchange) trading support across all security types. Users can also display graphical presentation of the cash flows. and supports a wide range of FIX message types. In addition. executions. two distinct currency curves can be sourced to value the associated cash flows. ATSs. Charles River Trader includes the market-leading CameronFIX engine. currencies. In this example. including fixed income. replace. Charles River IMS is FIX-certified with FIX Protocol Limited (FPL). and broker destinations • Execute single and list orders electronically • Route FIX orders automatically using a customisable rules engine • Send orders directly to counterparties to receive real-time executions • Conduct solicited and unsolicited executions Order Management Charles River Trader automates repetitive trader tasks to increase productivity and streamline order workflow. and derivatives. a dealer can process an order by simply highlighting the order and clicking on designated blotter icons to: • Merge. the analytic engine calculates nominal cash flows of the interest rate swap legs as well as the present value of these cash flows. For multiple currency swaps. integrated interfaces to numerous electronic communication network (ECN) and alternative trading system (ATS) trading destinations through the Charles River Network. For example. split. cancel. and allocations for all security types • Send FIX orders to numerous fixed income and FX ECNs.Dealers can source live curve data from a set of market providers. • Send / receive FIX orders. clone. .and middle-office solution helps investment managers increase efficiencies. Omgeo OASYS GlobalSM.. which includes Charles River Manager for portfolio management. quick navigation. and e-mails directly to counterparties via AutoFax. order duration. random. request higher-level approval. sequential. The system incorporates real-time FIXbased electronic trading via the Charles River Network. The system also facilitates post-execution testing (immediately after execution but before allocations are final) to verify compliance. reduces exposure. and custodians • Conduct omnibus account trading • Set up and automatically apply matching rules to trades • Automatically communicate broker and custodian settlement instructions • Send FIX allocation confirmation messages to brokers • Send trade data to internal or external systems via rules-based Trade Gateway interface • Use rules-based Trade Gateway to communicate to Omgeo Central Trade ManagerSM (Omgeo CTM). positions. display preferred columns. and lowers overall trading costs. or send ISO 15022 messages (optional) • Send trade tickets. commission type. the centralised trade processing component of Charles River IMS. notify others upon correction of the problem. private financial network. Use of its capabilities saves traders time. and other parameters by setting up default order processing and default order values Post-Trade Processing Through tight integration with Charles River Post-Trade. customised trade blotters. including Professional Services. bank authorisation letters. workflows. In the event of a compliance violation alert. The comprehensive front. Dealers can quickly run fast. the compliance component of Charles River IMS. Managed Services (remote and hosted application management). and FIX Network Services. users can drill down to instantly view the account rules. mitigate risk. e. manual. ASCII files. Dealers can then acknowledge the alert or warning. automated compliance checks prior to execution directly from the trading blotter and use the system to monitor holdings. tolerance values. and level-off methods • Route completed trades / allocations in real time to accounting.g. sort or group by preference. electronic faxes. and improve performance through streamlined trade execution and processing. security details. or override the alert / warning as appropriate. a reliable. Charles River Trader is part of the award-winning Charles River Investment Management System (Charles River IMS) software suite. e-mail. users can take advantage of extensive allocation functionality and settlement connectivity to increase trade processing efficiencies. each with dynamic drill-down capabilities • Control allocation methods. secure. and Charles River Post-Trade for centralised trade processing. and trades contributing to the compliance calculation. • Allocate partially-filled order(s) using pro-rata. trade information. Charles River Compliance for pre-trade and end-of-day compliance. and flexible system administration facilities. and user preferences through extensive user-defined customisation options. • Create a personal trading environment by setting up multiple. or by printing Compliance The Charles River Trader blotter includes comprehensive pre-trade and post-execution compliance monitoring through tight integration with Charles River Compliance. settlement venues. Charles River offers a wide range of services to supplement its software. set up personal icons • Define custom analytics by trader • Configure a personal Workflow Monitor to track or query on any system event or database item and set up user-defined alerts • Customise any of the 90 real-time reports and graphs.Workflow Configuration Charles River Trader supports all securities. crd. banking. is a market-leading provider of software. . rich in functionality. Serving the institutional asset management. The firm complements its award-winning products with comprehensive professional services. founded in 1984 and privately held. and technology solutions to the global investment management community.Charles River Development Charles River Development. flexible. wealth management. and easy to use. which it delivers through strategic office locations and partnerships around the globe. pension. Boston + 1 781 238 0099 telephone + 1 781 238 0088 fax London + 44 (0)20 7634 3300 telephone + 44 (0)20 7634 3301 fax Melbourne + 61 3 9670 5455 telephone + 61 3 9670 5411 fax Paris + 33 (0) 1 53 43 90 48 telephone + 33 (0) 1 53 43 90 68 fax Singapore + 65 6435 8011 telephone + 65 6557 0572 fax sales@crd. scalable. services.com www. and insurance industries.com All trademarks are the property of their owners. Charles River combines state-of-the-art and industry-standard technologies to deliver applications that are open. mutual fund. hedge fund.