Charles River and Liquidnet Add Fixed Income Matching and Advanced Equity Trading Capabilities

Charles River Development, a State Street Company, and Liquidnet have expanded their partnership, enabling fixed income and enhancing equity trade blotter sweep capabilities within the Charles River Investment Management Solution (Charles River IMS). The cross-asset capabilities augment Liquidnet and Charles Rivers longstanding partnership to improve liquidity seeking and price discovery functions for institutional investment managers, asset owners and hedge funds.

The offering provides the firms mutual clients with expanded access to a growing amount of global liquidity, advanced trade automation, and a suite of analytical decision support applications. Equity and fixed income traders can now sync their Charles River IMS trade blotter with Liquidnet continuously, to seek to match and execute trades.

Charles River continuously adds new trade automation and decision support capabilities to our platform, said John Plansky, CEO, Charles River. The expanded partnership with Liquidnet further automates our clients ability to access liquidity directly across asset classes, improving trade transparency and execution quality. This is a great example of the traction the platform is receiving from key clients and partners who want to access the enhanced trading functionality and services as well as deeper pools of liquidity.

We are constantly pursuing opportunities to help our Members source liquidity in global equity and fixed income markets more efficiently while reducing trading costs and minimizing information leakage, said Brian Gay, Liquidnets Global Head of OMS/EMS Partnerships. Our mutual clients, including many of the worlds largest asset managers, understand the compelling value offered by the interoperability of Charles River IMS and Liquidnet.

Charles River was acquired by State Street Corporation in October 2018 and the combined companies are developing the industrys first ever global front-to-back investment servicing platform**. This platform, supported by deep enterprise data management capabilities, will enable investment workflows, provide advanced data aggregation, analytics and compliance tools, and connect and exchange data with other industry platforms and providers.