Charles River Development, a provider of front- and middle-office trading solutions, has implemented its Investment Management Solution (IMS) at Thai buy-side firm Kasikom Asset Management (KAsset).
KAsset, which has US$25 billion assets under management, will use version 9 of Charles River’s IMS for order and execution management (OEMS), portfolio management and compliance. This will give the institutional investment firm the ability to automate its front- and middle-office operations across all asset classes for the 600 provident, private and mutual funds it manages. KAsset will also be able to use the Charles River Network for FIX-based electronic trading.
The OEMS module lets the firm manage, place and execute orders sent by fund managers in a real-time dashboard which supports algorithmic trading, real-time data, integrated watch lists, program trading, DMA and automated order routing. Charles River’s compliance tool will give KAsset greater flexibility to manage increased mandates by monitoring compliance throughout the trade lifecycle, including regulatory requirements, across its entire group.
"We required a single consolidated solution that could scale as our business grows," said Ampol Polohakul, executive chairman at KAsset. “Charles River IMS supports our local Thai requirements and provides us with powerful data management and integration capabilities. This has improved data quality and gives us a completely streamlined workflow from portfolio management, compliance and trade execution right through to the back-office."
"Charles River has been actively adding Thai brokers to the Charles River Network so that firms such as KAsset can take advantage of Thai-specific execution strategies and algorithms from both local and global providers via FIX,” added Cameron Field, managing director, Asia-Pacific at Charles River Development.