Ss&C Technologies Stock Price, News & Analysis

SS&C Technologies (SSNC) announced that CSOP Asset Management Ltd. in Hong Kong has selected the Eze Investment Suite for order management and portfolio accounting. This system offers the flexibility necessary for managing leveraged and inverse products, ETFs, and equities. CSOP, the first offshore asset manager in China, aims to enhance its portfolio management and trading workflows with this technology, which will facilitate foreign investment into China’s capital markets.

SS&C Technologies announced a strategic investment in Japan with the deployment of its Distributed Storage Node technology. This advancement enhances the Intralinks VDRPro™ service, allowing local data storage for quicker access. The Tokyo storage node will serve clients in sectors like syndicated loans and M&A. Notable client Mizuho Bank expressed that this launch will bolster digital transformation in syndicated loan administration amid evolving data privacy regulations.

SS&C Technologies Holdings (Nasdaq: SSNC) announced on June 2, 2021, that several financial institutions worldwide have begun implementing its Fundamental Review of the Trading Book (FRTB) solution in 2021. This solution addresses upcoming Basel Committee market risk capital requirements effective January 2023. Notable clients include Denmark's SDC and Slovenia's Nova Ljubljanska banka, both of whom emphasized the need for compliance and enhanced risk management capabilities. The FRTB solution offers high performance, scalability, and extensive model coverage, positioning SS&C as a key player in the financial services industry.

SS&C Technologies has amended its acquisition proposal for Mainstream Group Holdings, offering A$2.76 per security, totaling an enterprise value of approximately A$406 million (US$314 million). This acquisition, aimed at obtaining 100% of Mainstream's shares, is pending approval from Mainstream's shareholders and regulators and is expected to close in Q3 2021. Mainstream provides various investment administration services globally, managing funds worth AUD $272 billion for over 176,000 investors.

SS&C Technologies has launched SS&C Lyric, a cutting-edge operating platform designed for asset managers, broker-dealers, retirement recordkeepers, and superannuation providers. This platform provides a cloud-based environment with customizable user experiences and real-time data transparency. Core features include 24x7 availability and personalized configurations. The transition to Lyric is being implemented across SS&C's global recordkeeping solutions without requiring any conversions from existing platforms. This initiative aims to enhance client service and data management capabilities.

SS&C Technologies has amended its Scheme Implementation Deed to acquire 100% of Mainstream Group for A$2.66 per security, valuing Mainstream at approximately A$392 million (or US$306 million). The acquisition is subject to shareholder approval, court consent, and regulatory approvals, with an anticipated closing in Q3 2021. Mainstream provides investment administration services globally, serving over 176,000 investors with A$272 billion in assets under administration.

On May 24, 2021, SS&C Technologies (Nasdaq: SSNC) announced its selection as fund administrator by Diversified Trust, a wealth management firm managing $7.5 billion in assets. SS&C will oversee private equity administration, reporting, tax services, and compliance for Diversified Trust's private equity fund of funds platform. Utilizing SS&C's technology, the partnership aims to streamline processes and enhance client services. Diversified Trust chose SS&C for its integrated solutions and expertise in fund-of-fund structures, focusing on improved accounting and reporting.

SS&C Technologies Holdings reported a 2.46% Forward Redemption Indicator for May 2021, a decrease from 2.07% in April and significantly lower than 4.00% a year ago. This marks the 11th consecutive month of year-over-year reductions, indicating rising investor confidence and hedge fund asset growth. Notably, this is the lowest May redemption level since the indicator's inception in 2006. The next update is slated for June 21, 2021.

SS&C Technologies (Nasdaq: SSNC), a provider of software and services for financial services and healthcare, announced that Bill Stone, Chairman and CEO, will present at the J.P. Morgan 49th Annual TMC Conference on May 26, 2021, at 3:40 pm ET. The presentation aims to highlight the company's technological advancements and industry insights. A webcast will be available on their investor relations website.

Founded in 1986 and headquartered in Windsor, Connecticut, SS&C supports over 18,000 organizations globally.