Vanguard to Adopt Charles River IMS

Vanguard Group has become the latest participant to integrate the Charles River IMS across the investment process from pre-trade to post-trade and compliance. According to a story in The Trade news, the firm will use the Charles River IMS to consolidate the management of taxable money market funds. The Charles River Investment Book of Record (IBOR) provides portfolio managers and traders with real-time cash and positions while Charles River’s Data Service delivers benchmark and pricing data. Charles River IMS enables asset managers to utilize SEC Rule 2a-7 money market requirements compliance and reduce operational risk by automating manual processes and retiring several legacy proprietary applications.