Charles River IMS integrates with ChartIQ for data visualisation

ChartIQ software will provide traders using the Charles River IMS with greater insights into trading decisions.

State Street’s Charles River has teamed up with ChartIQ to integrate its investment management solution (IMS) with advanced charting and data visualisation tools.

The partnership aims to provide institutional traders using IMS with greater insight into data for investment and trading decisions, with pre-trade technical analysis, in-trade market impact metrics, and post-trade execution analytics. 

Charles River’s cloud-based IMS is a consolidated order and execution management system (OEMS). The system supports State Street’s Alpha platform, which provide global asset managers, hedge funds, asset owners and insurers with a front-to-back solution for trading, risk management, compliance, post-trade and back-office services. State Street closed its $2.6 billion acquisition of Charles River in 2018. 

“ChartIQ’s extensive visualisation and integration capabilities work with Charles River IMS to offer institutional traders new analytics accessible directly from the OEMS,” said Spiros Giannaros, president at Charles River. “Leveraging ChartIQ’s innovative software framework further empowers our engineering teams with best-of-breed development tools. In turn, our clients gain new capabilities to better inform their trading and de-risking decisions across asset classes.”

ChartIQ is a provider of charting tools that are agnostic to data and customisable, and can be integrated with on web, desktop, mobile and tablet platforms. The firm claims its tools and software helps traders capitalise on market opportunities.

“Together, we’ll be equipping the world’s largest asset managers and hedge funds with the most cutting-edge trading and execution analysis available,” Dan Schleifer, CEO and co-founder of ChartIQ, commented. “With the trend toward downsized trading desks, improving trader productivity is top of mind for asset managers. By embedding ChartIQ, Charles River can provide traders with new decision support applications that speed time-to-information for the securities and markets they trade in.”