Charles River has implemented ICE Data Services’ Continuous Evaluated Pricing (CEP) into its investment management solution (IMS) in order to capture key MiFID II data.
The solution will help track and store key data and trade lifecycle decision points needed to comply with new rules over trade and transaction reporting, best execution and commission management.
“By incorporating ICE’s CEP, Charles River gives portfolio managers a more realistic measure of quotes so they can make better decisions as well as meet the more stringent requirements of MiFID II,” said Tim Kelly, head of product management, Charles River.
“With Charles River’s significant R&D investment we are confident our solution enables clients to meet their MiFID II obligations.”
The CEP provides independent, trade-by-trade measure of price quotes that help fixed income portfolio managers and traders identify potential trade opportunities. It also provides a tool to assist fund managers, traders and compliance officers to ensure they are undertaking “all sufficient steps” to achieve the best trading result.
“Given its real-time capabilities, CEP often plays an important role supporting pre-trade price discovery and post-trade execution quality analysis in the fixed income markets,” said Rob Haddad, head of product strategy and innovation, ICE Data Services.
“Working with companies like Charles River allows ICE Data Services to offer critical data and analytics solutions that support our clients’ desired workflow in support of their MiFID II compliance obligations.”