Philadelphia-based asset management firm Delaware Investments, part of Sydney-based Macquarie Group, went live on Charles River’s cloud-based Investment Management Solution (IMS) to support its portfolio management capabilities, equities trading and compliance monitoring for all the equity and fixed income asset classes across the firm.
Delaware Investments will also be able to access Charles River's broker-neutral FIX Network and administration on the private cloud
"Charles River has simplified our workflows, increased productivity for portfolio and compliance officers, and allows our traders to react more quickly to market opportunities," says Philip Russo, chief administrative officer at Delaware Investments.
In a recent survey of CIOs, research firm Gartner found that cloud-based infrastructure as a service was one of the fastest-growing technologies in the industry, expanding 44.9 percent in 2014. The consultancy says that agility, not cost, is the primary reason firms adopt cloud computing.
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