Charles River, a front and middle office investment management solution provider, today announced that Exoé S.A. (Exoé) an outsourced trading and execution specialist in Paris, has selected the Charles River Investment Management Solution (Charles River IMS) delivered as Software as a Service (SaaS). Exoé users will have a single, cross-asset order and execution management (OEMS) platform that can support the firm’s increased trade volumes and number of accounts.

Exoé is replacing internal systems with Charles River’s multi-asset OEMS to manage all client trade flow and support coverage of sophisticated derivatives and fixed income instruments. Charles River’s compliance engine will also help ensure that Exoé maintains the highest level of investment controls.

“Charles River IMS allows us to offer our institutional clients best execution strategies and processes equal to those of the world’s leading asset managers,” said Jean-Francois Dudognon, Managing Director, Exoé. “Having a single, multi-asset platform will increase efficiencies and productivity across our organization, and reduce our compliance risk throughout the order management process.”

“Our SaaS-based solution solves the two biggest challenges for front and middle office systems: the software is always kept up to date, and the necessary data is fed to the system,” said Tom Driscoll, Global Managing Director, Charles River. “Having a single, OEMS platform seamlessly integrated with data, FIX connectivity and trade analytics helps firms improve the quality of execution.”