Massachusetts-based Charles River Development is integrating market data and analytics from Reuters within its buy-side order management system.
Users of the Charles River Investment Management System (IMS) will be able to view a variety of Reuters Station applications and access data and analytics - including equities, fixed income, money markets and futures historical and reference data - via its trader blotter and manager workbench windows, as well as all associated reference windows.
The two firms claim the tie-up offers more than a straightforward market data interace, and instead offers deeper integration at the application level.
As part of the agreement, Reuters will, on a daily basis, automatically refresh the client's database stored within the IMS. This means investment managers start each day with an accurate picture of the market, their holdings, and potential new security purchases. Asset managers will also be able to instantly request and receive Reuters' data as they purchase new securities.
Rick Enfield, director of product management, Charles River, comments: "As order management systems broaden their functionality to provide comprehensive front-office functionality, data becomes a much more critical component whether you're talking about decision support, portfolio management, trading, analytics, or new security setup."
The Reuters data, analytics, and application windows will be available in the version eight series of Charles River IMS.