Charles River has expanded its Investment Book of Record (IBOR) offering by integrating Interactive Data’s Corporate Actions Service as an integral part of the Charles River Investment Management Solution (IMS).
Charles River clients now have intraday access to Interactive Data’s mandatory and voluntary corporate actions, dividends, and capital events information covering 80,000 companies in over 100 countries.
“Charles River IBOR provides accurate real-time position management for the front office, and corporate actions are critical to ensure this accuracy,” says Tom Driscoll, global managing director, Charles River. “Offering pre-packaged data from Interactive Data gives users a simplified, high-quality corporate action solution.”
Charles River’s IBOR improves timeliness and integrity of position data for portfolio managers and traders by integrating real-time positions, corporate actions, and reconciliation with back-office systems, fund administrators and custodians. Corporate Actions data is fed into Charles River IBOR and processed to adjust positions in real time, which can then be utilised by the Charles River IMS as well as fed to downstream systems.
“We are pleased to collaborate with Charles River to integrate our global corporate actions service in their IBOR solution,” says Hubert Holmes, managing director, reference data, Interactive Data. “Timely delivery of corporate action data is essential to helping firms support trading operations, and keep them informed of events that may affect their investment decisions throughout the trading day.”