Australia's LG Investment goes live with Charles River IMS

Source: Charles River

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that LG Investment Group Limited (LGI), a new Melbourne-based Absolute Return asset manager, is live on the Charles River Investment Management System following a successful three-week implementation.

Charles River IMS automates portfolio management, trading and pre-trade compliance monitoring of LGI's asset management operations for domestic equities, options and futures on one integrated platform. LGI's users will also leverage the Charles River Network to support order and trade executions with real-time direct-connect FIX (Financial Information eXchange) access to local and global trading destinations.

"We recognized that our business required the most flexible and scalable investment management solution to support our growth plans in Australia," said Terry Gray, Managing Director, LG Investment Group Limited. "Charles River has the local and global expertise we need. Their knowledge, and system capabilities for the Australian equity market and the FIX protocol is unmatched - and they delivered within budget and ahead-of-schedule. Charles River IMS' extensive portfolio modeling, automated electronic allocations and real-time compliance monitoring and management has already significantly improved our workflow and eliminated cumbersome manual spreadsheets."

"We are very pleased to support LGI's fund launch and business expansion efforts with innovative technology, easy-to-use tools and real-time FIX connectivity to better meet sophisticated and evolving market requirements," said Cameron Field, Managing Director of Asia-Pacific, Charles River Development. "With this successful implementation, LGI joins a growing list of more than 20 Australian firms leveraging Charles River IMS to streamline investment management operations. LGI also benefits from the fully integrated Charles River Network that offers seamless point-to-point FIX connectivity with hundreds of broker-dealer destinations, algorithmic brokers and other trading venues worldwide."

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