C o n v e r g e S o l



A large hedge fund with multiple strategies specializing in health care sector investing

About The Product

It's Charles River's trade order management system, like a portfolio accounting system with Advent Geneva. In this, we provide our support and document the client’s operational processes that allowed the client to focus on their core business.

Business Problem

Client has bought Charles River, a leading buy-side trade order management system; Advent Geneva as portfolio accounting system. Their technology team consisted of two people one with infrastructure background and other software focused resource. The software resource has left the company and company was vulnerable to support their application portfolio, particularly trading system and Geneva portfolio accounting. Client was looking for external help to support their environment while they look out for replacement candidate.


Our specialized knowledge of the trade order management space, unique workflows in the hedge fund industry, and leveraging reusable assets allowed us to build team that supported client environment in effective manner. Specifically team performed following duties: Documented current state processes including end of day, start of day and intraday processes, prime broker feeds etc Built compliance rules for effective trading in Charles River Helped with migration of FIX infrastructure to Charles River Improved end of day feeds to be governed from a single portal Technologies used were: -- Trading & Compliance: CRD -- Accounting: Geneva, Portia -- Reference Data: Bloomberg -- Clearing, Settlement, Confirmation: Omgeo OASYS, Omgeo TradeSuite -- Scheduler: Windows Scheduler, DTS, Cron -- Operating Systems: Linux Debian kernel version 2.6.18-5-686, Windows 2003r2 -- Database: MS SQL Server 2000/2005/2008, MySQL -- Programming/Scripting languages: Perl, MS DOS Batch Script, Bash, Java, SQL, Geneva proprietary language, VB Script -- FIX: Cameron + Appia, FIX Monitoring: TradeScope -- Encryption Tools: PGP -- Reports: Excel Macro + SQL Query.

Technology Used

Business Benefits

We were able to successfully document and support client’s operational processes that allowed client to focus on their core business and not worry about technologies. Additionally we were able to offer our Application Lifecycle Management Offering (ALMO) at a price point that made business sense to all stakeholders.

About ConvergeSol

ConvergeSol is a premier industry-focused technology consulting company that specializes in providing outsourcing services for the financial services industry and Small / Medium Enterprises. Our offerings include:
  • Custom Software Development TabCustom Software Development
  • Product/Platform Development TabProduct/Platform Development
  • Managed Services TabManaged Services

Custom Software Development

  • Automation Solutions - Data Aggregation, Data Repository, Excel Automation, Automated testing, Custom software development, CRM
  • Reporting Solutions
  • Portal Solutions - Microsoft SharePoint Solutions, Web Portals.
  • Integration and Customization Solutions – API based integration with Order Management systems, portfolio accounting systems, CRM, Workflow management, etc. for 3rd party products like Backstop, Charles River, Paladyne, Advent and Relativity.

Product/Platform Development

  • SaaS-based Product & Release Management
  • Software Development Methodology like Agile
  • Quality Assurance Solutions

Managed Services

  • Application Lifecycle Management Offerings (ALMO), a one-stop end-to-end solution perfect for organizations looking to use IT to their advantage, low touch, and lower costs
  • Operations and Support offering

We bring deep expertise in understanding your needs to be its order management system, enterprise content management, portals, account opening process or reconciliation process just to name a few areas. We complement it by our proven execution expertise across the entire software life cycle: project management, business requirement, software development, quality assurance, deployment, and support.