Charles River Development (Charles River), a financial software and services provider to the global investment management community, announced Tuesday that it now offers integrated connectivity to the Liquidnet Asia trading venue via the Charles River Investment Management System (Charles River IMS). Liquidnet Asia will provide direct access to its liquidity pools in Hong Kong, Japan, Korea, and Singapore, as well as 24 other markets around the world.
The integration allows Charles River IMS users who are also Liquidnet members to trade large blocks of Asian equities in Liquidnet’s global liquidity pool. Through Charles River IMS, traders can initiate orders and conduct direct access and intelligent order routing to support a variety of workflows efficiently and accurately.
“The Asian trading environment poses challenges to investment management firms wishing to trade large blocks of Asian equities with little market impact,” explains Cameron Field, managing director, Asia Pacific, Charles River Development. “Our partnership with Liquidnet Asia enables mutual clients to address this challenge with an integrated solution for liquidity and connectivity,” he adds.
“Liquidnet is pleased to partner with Charles River in Asia, as we have in other global markets,” says David Klinger, managing director, Liquidnet Asia. “Charles River is a provider of investment management systems with a commitment to serving the Asia region. With electronic trading on the rise in Asia, the adoption of investment management systems is also gaining increased regional attention,” he comments.