Citi Private Bank Teams with Charles River IMS, Consolidating Trading and Compliance

Citi Private Bank, a leading player in fixed income, equities, and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term has tabbed Charles River Investment Management Solutions (IMS) as part of its Investment Management portfolio, organizing its global solutions, modeling, trading and compliance operations into a single cohesive unit, according to a Citi statement.

CIM and Charles River Take Aim at Trade Compliance and Order Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term

Citi Private Bank is already entrenched in the industry as a bellwether leader in financial services – its Citi Investment Management (CIM) arm operates nearly 27$ billion in global assets across all classes, principally hedge funds and fx. Its newest addition, the Charles River IMS is a strong choice that underscores an aim to bolster its front and middle office investment management solutions and pre- and post-trade compliance. Moreover, Charles River IMS is proficient in nearly every asset class ranging from commodities to fx, making it a logical choice for its congruency with CIM.

Indeed, the partnership with Charles River will effectively coalesce CIM’s portfolio management and modeling solutions, order and trading executions. Simultaneously, Citi’s Investor Services will also offer its OpenAi service to handle trade processing and information delivery. In essence, OpenAi enables alternative managers around the world to be more efficient in their transactions and business, allowing for more effective investing through more managed operational risks. In addition, OpenAi will sync with Citi’s multi-faceted trading platforms and processing systems.

Initiative Catering to ‘Ultra-High Net Worth Clients’

According to Mark Davidson, Chief Operating Officer, CIM in a recent statement, "Our transition from proprietary systems to the Charles River and OpenAi platforms underscores Citi Private Bank's commitment to grow our investment management business by investing significantly in the latest technology to service our ultra- high net worth clients.”

Furthermore, "Charles River IMS gives firms like CIM advanced tools and functionality that make portfolio managers and traders more effective. The solution's integrated portfolio modeling, construction and real-time trading streamline front- and middle-office processes, reducing clients' time to market for new investment products and services,” added Tom Driscoll, Global Managing Director at Charles River.