Members of the US Equities Hive recently met for a digital boardroom where we discussed the integration success stories and challenges associated with different platforms where CRD were discussed. Here are the takeaways:
– Many members report using CRD as their OMS and also utilising the EMS functionality, which greatly helps with integration tasks
– There was scepticism around the robustness of their hosted environment solution.
– The Charles River FIX network can sometimes be unreliable
– Charles River charge OMS fees, where they charged brokers with algo connections on a per quarter basis. There is a great article by Andrew Upward (formerly Jane Street) on this topic. Has anyone got the link??
CRD’s new head of sales has just moved from Aladdin.
Integration with Liquidnet & Bids is more challenging than expected
Got a question or a story to share about CRD? Let us know!