UK fund manager Artemis Investment Management has chosen the Charles River Investment Management System (IMS) as its new front-to-back office system.
The software provided by Charles River includes portfolio management and modelling, order management and electronic trading, real-time compliance monitoring and the centralised management of trade matching, confirmation and settlement workflow.
Artermis has over £10bn in assets under management and the new system will support its operations in London and Edinburgh.
Mark Murraty, Artemis' COO says: "We conducted a comprehensive review of the leading front office systems vendors and the Charles River IMS provided the best fit for our extensive range of requirements."
Charles River has reported the implementation of IMS for a number of asset managers in the last few months including contracts with Clarivest, Rainier and AGF earlier this year.