Charles River Development, an award-winning provider of financial software and services to the global investment management community, and SwapsWire, a leading electronic network for dealers, inter-dealer brokers, prime brokers and buy-side firms, have partnered to deliver automatic trade confirmations for over-the-counter (OTC) interest rate swaps in the upcoming Charles River Investment Management System (Charles River IMS) Version 8.2. Further enhancements and workflow are planned for Version 9.
"We are very pleased to partner with one of the industry’s most established post trade platforms," said Peter Lambertus, president and ceo, Charles River Development. "Derivatives trading has become an increasingly important component of our clients’ daily trading activity. SwapsWire recognizes our ability to fully support buy-side clients’ needs, including the trading of a wide variety of complex asset classes, such as derivative instruments."
"SwapsWire is committed to helping clients optimize our services through integrated partnerships with world-class market vendors," said Chip Carver, ceo, SwapsWire. "We chose to work closely with Charles River as a buy-side integration partner for delivering straight-through processing (STP) for interest rate swaps. Charles River has a broad client base and proven expertise in facilitating STP for OTC derivatives, including credit and interest rate swaps. Moreover, Charles River is committed to delivering the best derivatives trading functionality in the market."