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December 11th 2007

Charles River Development and Liquidnet Asia Partner to Support Increased Demand for Electronic Trading


Cameron Field, Managing Director-Asia Pacific, Charles River Development: The Asian trading environment poses unique challenges to investment management firms wishing to trade large blocks of Asian equities with little market impact.
The integration allows Charles River IMS users who are also Liquidnet Members to easily and anonymously trade large blocks of Asian equities in Liquidnets global liquidity pool. Through Charles River IMS, traders can initiate orders and conduct direct access and intelligent order routing to support a variety of workflows efficiently and accurately.

The Asian trading environment poses unique challenges to investment management firms wishing to trade large blocks of Asian equities with little market impact, said Cameron Field, Managing Director-Asia Pacific, Charles River Development. Our partnership with Liquidnet Asia enables mutual clients to address this challenge with a seamless integrated solution for liquidity and connectivity.

Liquidnet is pleased to partner with Charles River in Asia, as we have in other global markets, said David Klinger, Managing Director of Liquidnet Asia. Charles River is a leading provider of investment management systems, with a strong commitment to serving the Asian region. With electronic trading on the rise in Asia, the adoption of investment management systems is also gaining increased regional attention.

Charles River serves over 45 Asia-Pacific firms in countries such as Australia, Hong Kong, Japan, Korea, Malaysia, New Zealand, Singapore and Thailand. Charles River has a regional presence in Sydney, Australia and Singapore, a sales and service partner in Japan and maintains Asia-Pacific headquarters in Melbourne, Australia. In addition, the firm plans a fully staffed Tokyo office by year end.

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