10:21 AM
Momentum Asset Management Opts for Charles River IMS
South African buy-side firm Momentum Asset Management announced it will be using Charles Rivers' platform to automate its portfolio management, and to manage orders and executions.
The firm said it was driven to make the move by an expanding South African client base. Momentum added that it use the Charles River IMS to conduct compliance monitoring across its equity, fixed income and derivatives operations.
"With the Charles River IMS, we have the ability to handle all asset classes and generate a complete audit trail by using one system throughout the trade lifecycle," Momentum Chief Executive Sibusiso Mabuza said in a statement. "We have embedded pre-trade compliance, which eliminates a separate system and streamlines the process." As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio