Published On: Thu, Oct 8th, 2009

CRD Adds Nomura’s Asia ModelEx Algorithmic Suite

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, announced August 6th that Nomura’s Asia ModelEx™ platform, a suite of core and advanced algorithmic order execution strategies, is now available in the Charles River Investment Management System (Charles River IMS). Charles River clients can seamlessly access Nomura’s sophisticated algorithmic strategies across Asia and globally.

Nomura joins more than 40 algorithmic providers offering over 500 algorithmic strategies via Charles River IMS. “To address the APAC region’s market fragmentation, asset managers and institutional investors continue to demand electronic trading tools and strategies,” said Cameron Field, Managing Director Asia Pacific, Charles River. “Charles River helps meet this demand by efficiently routing orders to the most liquid markets, providing integrated access to leading regional and global strategies, such as the ones offered by Nomura’s ModelEx™ platform.”

“Charles River is instrumental in helping buy-side firms gain fast, flexible and dependable access to ModelEx™ algorithmic strategies, both across Asia Pacific and globally,” said Sunny Chung, Executive Director, Electronic Trading Services at Nomura. “Nomura’s Asia ModelEx™ trading algorithms cover a number of key Asian markets, including: Japan, Hong Kong, Australia, India, Korea, Singapore and Taiwan. The algorithms take advantage of market microstructure, and provide investors with a comprehensive set of trading basic to customized strategies.”

Article Source: Charles River Development website

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