May 09, 2012
Thai buy-side firm selects Charles River for electronic trading
Charles River Development, a provider of front- and middle-office
trading solutions, has implemented its Investment Management Solution (IMS) at Thai
buy-side firm Kasikom Asset Management (KAsset).
KAsset, which has US$25 billion assets under
management, will use version 9 of Charles River’s IMS for order and execution
management (OEMS), portfolio management and compliance. This will give the
institutional investment firm the ability to automate its front- and
middle-office operations across all asset classes for the 600 provident,
private and mutual funds it manages. KAsset will also be able to use the Charles River
Network for FIX-based electronic trading.
The OEMS module lets the firm manage, place and execute orders sent by fund managers in a real-time dashboard
which supports algorithmic trading, real-time data, integrated watch lists,
program trading, DMA and automated order routing. Charles River’s compliance tool will give KAsset
greater flexibility to manage increased mandates by monitoring compliance
throughout the trade lifecycle, including regulatory requirements, across its
entire group.
"We required a single consolidated solution that
could scale as our business grows," said Ampol Polohakul, executive
chairman at KAsset. “Charles River IMS supports our local Thai requirements and
provides us with powerful data management and integration capabilities. This
has improved data quality and gives us a completely streamlined workflow from
portfolio management, compliance and trade execution right through to the
back-office."
"Charles River has been actively adding Thai
brokers to the Charles River Network so that firms such as KAsset can take
advantage of Thai-specific execution strategies and algorithms from both local
and global providers via FIX,” added Cameron Field, managing director,
Asia-Pacific at Charles River Development.
Anish Puaar
+44 (0)20 7397 3817
anish.puaar@thetrade.ltd.uk