Questions Raised on State Street and Charles River’s Boston Wedding

Waters takes an in-depth look at the tie-up between two Boston giants, and examines who could be next in the latest phase of OMS provider consolidation.

In 1984, former Naval officer Peter Lambertus founded a technology company called Charles River Development (CRD). He’s remained with the vendor ever since as its president and CEO, and the firm has grown to become one of the top providers of front-office technology to the buy side.

Even as the order management system (OMS) space has undergone various periods of significant consolidation over the past 30 years, there were some in the industry who thought that CRD would stay independent because

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