Charles River Development, a State Street company, announced a partnership with SOLVE on November 18 2025 that will embed SOLVE’s real‑time pricing and AI‑driven predictive analytics into the Charles River Investment Management Solution (IMS). The move expands Charles River’s fixed‑income offering beyond equities and derivatives, positioning the platform to serve the more than $58 trillion in assets managed through IMS across 30+ countries.
The integration will give investment managers access to SOLVE’s comprehensive data set, which covers over 200,000 fixed‑income securities—including municipal, corporate, and securitized instruments—with 90 % coverage of the U.S. municipal market and 70 % of the corporate bond market. SOLVE’s AI engine predicts price movements and liquidity gaps, delivering forecasts of bid‑ask spreads and price volatility up to 30 days ahead, and the data will be available directly within the IMS user interface.
Early adopters of the combined solution report a 15 % reduction in trade execution time and a 10 % improvement in cost efficiency, according to internal pilot studies. The partnership is structured as a revenue‑sharing model with an initial commitment of $5 million in annual fees, giving Charles River a predictable revenue stream while expanding its data footprint.
The partnership places Charles River in direct competition with Bloomberg Fixed Income, Refinitiv, and S&P Global Market Intelligence for fixed‑income analytics. By adding SOLVE’s depth of coverage and AI capabilities, Charles River can offer a more compelling value proposition to its existing client base and attract new asset‑management firms seeking advanced fixed‑income tools.
The integration feeds into State Street’s Alpha platform, enhancing its AI‑driven analytics across front‑to‑back operations and supporting State Street’s broader strategy of delivering a unified, data‑centric investment management environment. The partnership signals State Street’s commitment to expanding its fixed‑income footprint and leveraging third‑party expertise to accelerate product development.
Steven Milanowycz, Head of Product Strategy at Charles River Development, said the partnership will "push the solution further by layering in SOLVE market data in a unified user experience," underscoring the company’s focus on delivering fit‑for‑purpose data to meet the unique demands of its clients’ product and asset‑class mix.
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