Welcome to our dedicated page for Ss&C Technologies news (Ticker: SSNC), a resource for investors and traders seeking the latest updates and insights on Ss&C Technologies stock.
SS&C Technologies Holdings, Inc. reports developments across investment, financial and healthcare software, technology-enabled services and enterprise automation. Recurring updates include quarterly earnings, cash flow and leverage commentary, product launches such as SS&C Blue Prism WorkHQ, and AI governance initiatives for regulated enterprises.
Company news also covers SS&C GlobeOp fund administration data, including hedge fund redemption and capital movement indicators, as well as client deployments involving managed IT services, fund administration, middle- and back-office operations, investor services and regulatory reporting.
SS&C Technologies (Nasdaq: SSNC) announced that Mid Atlantic Capital Group has selected it for automating FINRA Consolidated Audit Trail (CAT) reporting. This service involves monitoring, submitting, and correcting transactional data for Mid Atlantic, ensuring compliance with upcoming SEC requirements. SS&C's CAT Reporting Portal streamlines broker data into FINRA-compliant reports, enhancing efficiency. With over 70 firms already certified, SS&C continues to establish itself as a leader in regulatory reporting technology, enabling clients to focus on their core operations.
The SS&C GlobeOp Forward Redemption Indicator for June 2020 recorded 4.24%, an increase from 4.00% in May. While this figure aligns with historical averages for June, it represents a rise from 3.81% from the previous year. Bill Stone, CEO of SS&C Technologies, noted that redemption levels are consistent with steady trends in asset retention within the hedge fund sector amid the COVID-19 pandemic. The next report will be published on July 22, 2020. The indicator reflects investor confidence in hedge funds, which has shown a decreasing trend from a high of 19.27% in November 2008.