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Malaysia's EPF expands use of Charles River IMS

15 March 2012

Category: News, Asia, Malaysia

Front- and middle-office investment management solutions provider Charles River Development has announced that Employees Provident Fund (EPF), Malaysia's premier sovereign wealth fund, has expanded its use of Charles River Investment Management System (Charles River IMS) with the addition of Charles River Network for real-time FIX electronic trading, Charles River FIX Administration Service for fully managed FIX software administration and connectivity management; and Charles River Post-Trade for centralising and automating its real-time trade confirmation, matching and settlement workflows. 

A client since 2008, Charles River IMS provides EPF with a scalable, enterprise solution for trade order and execution management, portfolio management, post-trade and compliance across equities, money market and fixed income instruments to support its increasing number of members and registered employers as Malaysia's population expands.

Cameron Field, managing director at Charles River Development, comments: "We worked diligently to understand EPF's individual requirements so it can better meet member demands by freeing up traders, portfolio managers and compliance officers to focus more of their time on managing increased volumes. The addition of FIX and post-trade capabilities ensures EPF has a completely streamlined solution across its entire organisation that reduces manual processes by providing fast, electronic, error-free processing to mitigate risk and reducing costs." 

Full integration between Charles River's FIX Network and Charles River IMS ensures fast and reliable electronic communications between EPF, brokers, trading venues and third-party vendors for simplified system management and improved reliability throughout the trading lifecycle. Charles River's FIX Administration service also eliminates the need for EPF to employ in-house FIX experts as the Charles River Network services team takes care of all broker connections, monitoring, ongoing testing and certifications.

The implementation of Charles River Post-Trade offers straight-through-processing by facilitating real-time, electronic communications between EPF, its brokers and custodians. It seamlessly interfaces with Omgeo Central Trade Manager for automated, central trade matching, and provides EPF with improvements in efficiency within its middle- and back-office teams.
 

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