New Compliance Solution Integrates FIX-Based Services With
SS&C's Middle and Back Office Platform
WINDSOR, Conn., July 15, 2010 (GLOBE NEWSWIRE) -- SS&C Technologies
Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services
software and software-enabled services, today announced that
FIXLink(R), its global broker-neutral multi-asset FIX connectivity
network, is now live with Australian Securities and Investments
Commission (ASIC) for short position reporting for two institutional
Australia is the first country to introduce a mandatory daily reporting
of end-of-day short positions by any seller on its registered markets.
Market participants are required to deliver their reports via FIX 5.0
messaging. In addition to providing connectivity service into
Australian regulator, SS&C FIXLink enables institutions to comply with
the FIX 5.0 format requirement even if their position management and/or
portfolio management systems do not have FIX 5.0 reporting output.
"We recognize a growing importance of the FIX protocol for middle and
back office communications," said Bill Stone, Chairman and Chief
Executive Officer, SS&C Technologies Holdings, Inc., "Bringing together
our expertise in back-office solutions, FIX connectivity, and providing
services to international markets enabled us to create a cost-effective
compliance solution for our customers."
About SS&C Technologies Holdings, Inc.
SS&C delivers investment and financial management software and related
services focused exclusively on the financial services industry. By
leveraging expertise in common investment business functions, SS&C cost
effectively serves clients in the following market verticals: 1)
insurance entities and pension funds, 2) institutional asset
management, 3) alternative investment management 4) treasury, banks and
credit unions, 5) municipal finance, 6) real estate property
management, 7) commercial lending, and 8) financial markets. Additional
information is available at www.ssctech.com.
The SS&C Technologies Holdings, Inc. logo is available at
CONTACT: SS&C Technologies
Patrick Pedonti, Chief Financial Officer