Thailand-based SCB Asset Management Company (SCBAM) has selected the Charles River Investment Management Solution (Charles River IMS) for automated portfolio management, electronic trading and execution management and compliance monitoring.
In addition, SCBAM will also implement Charles River’s broker-neutral FIX Network and administration for electronic trading.
Charles River said that it’s IMS solution will supporting SCBAM’s rapid business growth and allow it to better manage increasingly complicated regulatory and compliance requirements.
SCBAM will deploy Charles River IMS across its multiple asset classes, including equities, fixed income, FX, and derivatives.
The implementation of Charles River Network with complete FIX administration will enhance its front-office operations, thereby increasing productivity and allowing fund managers and traders to focus more on core competencies of investment idea generation.
Sornchai Suneta, CIO of SCB Asset Management, said: "As we continue to grow our business, the scalability of Charles River IMS gives us confidence that we can seamlessly manage an expansion into new asset classes in the future.
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By GlobalDataCameron Field, managing director-APAC at Charles River, said: "Charles River has extensive experience working with clients in Thailand, giving clients like SCBAM full confidence in the support for both local Thai requirements and global securities. The integration of Charles River IMS and the Charles River FIX Network delivers increased trading efficiency and reliability for the competitive edge in both domestic and international markets."