Technology provider Charles River will supply Thailand’s TISCO Asset Management with its investment management solution, to expand its coverage and streamline trade processing.
The upgrade lets TISCO, one of Thailand's biggest asset managers, further automate its trading process across asset classes and clients using Charles River's software-as-a-service solution.
TISCO, which has combined asset under management of almost US$4.8 billion, aims to expand its trading operations to off-shore markets and derivatives, while boosting its activity in foreign investment funds, bonds and equities, using the new system.
Cameron Field, managing director for Asia-Pacific at Charles River, said many Thailand-based institutions were looking into updating their trading platforms.
“As regional interest in cross-border trading continues to grow, Thai firms like TISCO are demanding a single system that simplifies order and execution management capabilities yet still handles complex instruments,” Field said.
Streamlining execution and post-trade systems through software-as-a-service offerings help automate front- and middle-office investment operations for buy-side firms, which Field said would increase, as firms move away from bespoke legacy systems.
“Charles River's enterprise solution delivers software, services and data that allow clients to take advantage of new market opportunities as they arise, locally or around the world,” Field said.