Charles River IMS vs. Data Central

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Charles River IMS
Score 8.7 out of 10
N/A
The Charles River Investment Management Solution (Charles River IMS) automates front and middle office processes for buy-side firms. The solution helps enable accurate and timely investment decision support for institutional and wealth managers, alternative investment firms, insurers and asset owners. Charles River IMS helps clients streamline operations, reduce risk, and improve reliability.N/A
Data Central
Score 8.0 out of 10
N/A
N/AN/A
Pricing
Charles River IMSData Central
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Charles River IMSData Central
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
User Ratings
Charles River IMSData Central
Likelihood to Recommend
10.0
(1 ratings)
8.0
(1 ratings)
User Testimonials
Charles River IMSData Central
Likelihood to Recommend
State Street
If your are large asset management company focused mostly on interest rate products and you are large institutional trader your way is the use of Charles River Portfolio Management & Risk Analytics account which is most reputable custodian institution which offers superior tool for bonds trading - Charles River IMS. Charles River Portfolio Management & Risk Analytics is focused on large bond traders, so is not offered for small hedge funds. It is not appropriate if you are small account holder and focused more on stock market offerings, margin trading and less focused on custodian reputation. There is no separate risk module for trading group risk management.
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April Software
Well suited: 1. We use Data Central to run queries & fetch data. 2. It's an amazing tools where we create multiple profiles with Query & then create multiple job id's for each profile. & then we run the query for the jobs. 3. Its so customizable as we can fetch the data through query for a particular, day, week, month, year. Least Suited: 1. Its very complicated for new users. 2. Data integration with multiple tables is a challenging during any launches. 3. Implementation is very time consuming since it involves large amount of data. 4. The output from the query is stored for maximum of 1 year & can't be retained for more than a year.
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Pros
State Street
  • Focused on bonds
  • Risk approache based on counterparties risk measurement
  • Buid in scenario strategies and testing
  • CDS are available for trading (exlusive offering)
  • Portfolio construction
  • Yield analytics
  • Exotics: SWAPs, SWAPtions
  • Sophisticated options analytics
  • Currency forwards (exclusive offering)
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April Software
  • We use Data Central to run queries & fetch data.
  • It's an amazing tools where we create multiple profiles with Query & then create multiple job id's for each profile. & then we run the query for the jobs
  • Its so customizable as we can fetch the data through query for a particular, day, week, month, year.
Read full review
Cons
State Street
  • Equities - microstructure to consider detection of iceberg orders
  • Build in algos for large trades execution
  • Corporate or Banking level platform - not focused on mid sized business
  • SAP connectivity
  • Only Charles River Portfolio Management & Risk Analytics accounts
  • No trading group accounts capabilities
  • Needs arbitrage trading algo: spread, statistical, merger for stocks
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April Software
  • Its very complicated for new users
  • Data integration with multiple tables is a challenging during any launches
  • Implementation is very time consuming since it involves large amount of data
  • The output from the query is stored for maximum of 1 year & can't be retained for more than a year
Read full review
Alternatives Considered
State Street
Charles River Portfolio Management & Risk Analytics is a state of the art company which owns state of the art products Charles River Portfolio Management & Risk Analytics. If you are considering long term value, capital preservation strategy and pension funds management that is the right choice if holdien one account versus several to get systematic diversification. You can run even department of banks treasury with use of Charles River Portfolio Management & Risk Analytics. So good but focused on large investors needs and diversification focus.
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April Software
Haven't tried any alternatives to Data Central as what we were looking for was very unique & customizable solutions. So, we went ahead with Data Central only. As we were able to scale our operations & appplications through it.We use Data Central to run queries & fetch data. It's so customizable as we can fetch the data through query for a particular, day, week, month, year.
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Return on Investment
State Street
  • Neutral. We are in system migration process.
  • We expect to get our P&L less volatile (+/- 5%). More international bonds in a mix
  • Top custodian is our first priority
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April Software
  • We use Data Central to run queries & fetch data.
  • It's an amazing tools where we create multiple profiles with Query & then create multiple job id's for each profile. & then we run the query for the jobs
  • Its so customizable as we can fetch the data through query for a particular, day, week, month, year.
  • Data integration with multiple tables is a challenging during any launches
  • The output from the query is stored for maximum of 1 year & can't be retained for more than a year
Read full review
ScreenShots