Charles River Using Finsemble to Expand Third-party Application Integration

Charles River Development, the State Street owned order and investment management system (O/IMS), is collaborating with Cosaic, to use the latter’s Finsemble platform to streamline integration of third-party applications into the Charles River IMS. Finsemble helps asset managers to connect their applications together, including modern or legacy, in-house or third-party tools, by providing investment professionals with access to data from Charles River IMS. Built on the Financial Desktop Connectivity and Collaboration Consortium (FDC3) protocol, Finsemble standardizes how applications communicate, without using pre-defined inter-application workflows ahead of deployment. FDC3-enabled applications can participate in desktop workflows without any coding or manual integration, enabling faster deployment of new applications and extending the lifetime of legacy applications. Charles River IMS serves as the front- and middle-office component of State Street Alpha, which provides many global investment managers, hedge funds, asset owners and insurers with a front-to-back solution to help manage risk management, portfolio construction, trading, compliance, post-trade and back office services.