Charles River Development launches Japan User Group
Charles River Development, an award-winning provider of financial software and services to the global investment management community, launched its Japan User Group, an executive forum for Charles River domestic and international Japanese clients.
The first of its kind in Japan by a global investment management system provider, the Japan User Group provides a forum for clients to discuss how Charles River can support critical Japanese business and regulatory issues, including Japan Financial Instruments and Exchange Law (J-SOX), Japan equivalent to Sarbanes-Oxley which goes into effect on April 1, 2008.
Over 30 representatives from 15 leading Japanese financial institutions participated in the inaugural meeting, held August 29th in Tokyo and hosted by Daiwa SB Investments.
According to SB Investments, this new user forum reflects Charles River commitment to giving Japanese clients a voice in how Charles River products and services are developed to best meet Japan unique business and investment requirements.
The Japanese users of the Charles River Investment Management System not only serve as advisors at the forum but are also brought together as peers. It is a true opportunity to discuss the Japanese market, gain consensus, provide open feedback and validate the workflow of each function of Charles River Investment Management System across all asset classes, including Japan equity instruments.
Clients shared their views on Charles River IMS, portfolio management, pre-trade, post-execution and end-of-day compliance monitoring capabilities.
Discussions also focused on the growing interest in Asia-Pacific for global electronic trading of Japanese equities via FIX (Financial Information eXchange), the impending J-SOX regulations and Charles River ability to meet these demands.
Other product enhancements to improve workflows for Japanese clients were also reviewed, including Multiple Order Placement, Trader Placement Checks and Cross Trading Checks.
According to Charles River Development, launching the Japan User Group Forum was given high priority, as they value its clients, feedback and is part of its client focused strategy in helping them grow in new markets by integrating best practices and requirements into Charles River products and services.
Charles River Development client’s response to this new local forum has been positive and exemplifies the level of acceptance and local presence Charles River has in the Japanese market.
They are committed to maintaining Charles River leadership position in Japan as the investment management system of choice by implementing new ways to help their clients meet their domestic and international business goals.
Charles River’s Japan User Group meets every other month and clients can participate in various advisory groups such as Compliance, Equities, Fixed Income, Foreign Exchange (FX) and Derivatives and other areas.
31-Aug-2007