Charles River Development, a provider of financial software and services to the investment management community, yesterday announced that Nissay Asset Management Corporation (NAM), a Japanese asset manager with ?7 trillion under management, and a group company of Nippon Life Insurance Company, Japan’s largest insurer, has successfully implemented the Charles River investment management system (Charles River IMS) to support its international equity and domestic fixed income operations. More than 55 NAM users leverage Charles River IMS for international equity and domestic fixed income fund management.
“The local Charles River team understands Japanese-specific legal and compliance conventions, which they incorporated into a best-of-breed system delivered on time and within budget. This project confirms that we can rely on Charles River to successfully execute on our agreed goals,” comments Mr. Yasuaki Osugi, director, Nissay Asset Management.
This initial implementation is part of a larger project which will incorporate support for all asset classes, and the introduction of FIX (financial information exchange) is considered for the next phase of the project as well. Charles River’s technology strategy for NAM included Oracle 10.2 (Japanese) deployed over a storage area network (SAN). Charles River also extended Japanese character support to the front-end of Charles River IMS.
Using web services and real-time XML messaging, the service-oriented architecture of Charles River IMS simplified the interface with Nissay’s existing systems, including FAIMS and XNET, among others. Clustering supports Nissay’s stringent technical requirements for high availability and performance. Charles River’s implementation team also successfully tested receipt of real-time pricing information from Quick Active Manager, a market information system widely used in Japan.
“Nissay Asset Management now has a first-class, real-time trading platform that meets Japanese and global requirements,” says Cameron Field, managing director Asia-Pacific, Charles River Development. “Charles River leveraged the latest technology to support transactions that are crucial to NAM’s business success and to adhere to their standards for risk management, high performance and availability.”