SS&C Announces 2H2024 Updates for Alternatives SaaS Offerings
SS&C Technologies (Nasdaq: SSNC) has announced significant updates to its alternative investment management SaaS platforms for 2H2024. The release includes enhancements to Geneva, OEMS, and Eclipse platforms. Key improvements include new credit and derivatives functionality, a Loan Servicing Workspace, and an Investor Fee Builder in Geneva.
Eclipse updates feature expanded fixed income trading capabilities, enhanced asset class coverage, and improved trading workflows. The OEMS platform received upgrades in multi-asset and fixed-income support, automated trading, and modeling capabilities. Notable additions include enhanced trade matching, improved FX swaps support, and automated trading rules for fixed income orders.
SS&C Technologies (Nasdaq: SSNC) ha annunciato importanti aggiornamenti alle sue piattaforme SaaS per la gestione degli investimenti alternativi per il secondo semestre del 2024. Il rilascio include miglioramenti a Geneva, OEMS e Eclipse. I principali miglioramenti comprendono nuove funzionalit脿 per crediti e derivati, un Workspace per la gestione dei prestiti e un Builder per le spese degli investitori in Geneva.
Gli aggiornamenti di Eclipse presentano capacit脿 di trading a reddito fisso ampliate, una copertura migliorata delle classi di attivi e flussi di lavoro di trading ottimizzati. La piattaforma OEMS ha ricevuto aggiornamenti nel supporto multi-asset e a reddito fisso, nel trading automatizzato e nelle capacit脿 di modellazione. Tra le aggiunte degne di nota ci sono un matching degli ordini migliorato, un supporto migliore per gli swap in valuta estera e regole di trading automatizzate per gli ordini a reddito fisso.
SS&C Technologies (Nasdaq: SSNC) ha anunciado actualizaciones significativas a sus plataformas SaaS de gesti贸n de inversiones alternativas para el segundo semestre de 2024. El lanzamiento incluye mejoras en Geneva, OEMS y Eclipse. Las mejoras clave incluyen nuevas funcionalidades de cr茅dito y derivados, un espacio de trabajo para la gesti贸n de pr茅stamos y un constructor de tarifas para inversores en Geneva.
Las actualizaciones de Eclipse cuentan con capacidades de trading de ingresos fijos ampliadas, una cobertura mejorada de clases de activos y flujos de trabajo de trading optimizados. La plataforma OEMS recibi贸 mejoras en el soporte multi-activo y de ingresos fijos, trading automatizado y capacidades de modelado. Entre las adiciones notables se incluyen un emparejamiento de operaciones mejorado, un mejor soporte para swaps de divisas y reglas de trading automatizadas para 贸rdenes de ingresos fijos.
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SS&C Technologies (Nasdaq: SSNC) a annonc茅 des mises 脿 jour significatives pour ses plateformes SaaS de gestion des investissements alternatifs pour le second semestre 2024. Le lancement comprend des am茅liorations de Geneva, OEMS et Eclipse. Les am茅liorations cl茅s incluent de nouvelles fonctionnalit茅s de cr茅dit et de d茅riv茅s, un espace de travail pour la gestion des pr锚ts et un constructeur de frais pour les investisseurs dans Geneva.
Les mises 脿 jour d'Eclipse pr茅sentent des capacit茅s de trading 脿 revenu fixe 茅largies, une couverture am茅lior茅e des classes d'actifs et des flux de trading optimis茅s. La plateforme OEMS a b茅n茅fici茅 d'am茅liorations du soutien multi-actifs et 脿 revenu fixe, du trading automatis茅 et des capacit茅s de mod茅lisation. Parmi les ajouts notables, on trouve un appariement des transactions am茅lior茅, un meilleur soutien aux swaps de devises et des r猫gles de trading automatis茅es pour les ordres 脿 revenu fixe.
SS&C Technologies (Nasdaq: SSNC) hat bedeutende Updates f眉r seine SaaS-Plattformen zur Verwaltung alternativer Investitionen f眉r das zweite Halbjahr 2024 angek眉ndigt. Das Release umfasst Verbesserungen f眉r Geneva, OEMS und Eclipse Plattformen. Zu den wichtigsten Verbesserungen geh枚ren neue Funktionalit盲ten f眉r Kredite und Derivate, ein Kreditverwaltungsarbeitsbereich und ein Geb眉hrenkonstruktor f眉r Investoren in Geneva.
Eclipse-Updates bieten erweiterte Handelsm枚glichkeiten f眉r festverzinsliche Wertpapiere, eine verbesserte Abdeckung der Anlageklassen und optimierte Handelsabl盲ufe. Die OEMS-Plattform erhielt Upgrades im Bereich Multi-Asset- und festverzinsliche Unterst眉tzung, automatisierten Handel und Modellierungsf盲higkeiten. Zu den bemerkenswerten Erg盲nzungen geh枚ren verbesserte Handels眉bereinstimmung, verbesserte Unterst眉tzung f眉r FX-Swaps und automatisierte Handelsregeln f眉r festverzinsliche Auftr盲ge.
- Introduction of new Loan Servicing Workspace improving operational efficiency
- Enhanced trading capabilities with expanded fixed income platform connectivity
- Implementation of automated trading rules for fixed income orders
- Improved system performance through BIS Reuse and Geneva's REST API enhancements
- None.
Insights
The latest SaaS updates from SS&C represent strategic enhancements to their core financial technology infrastructure, particularly in the alternatives investment space. The Geneva platform's new Loan Servicing Workspace and Investor Fee Builder address critical operational needs in credit management and fee calculations - essential functions for alternative investment managers handling complex financial instruments.
The technical improvements in swap financing, PIK schedules and API performance demonstrate SS&C's focus on automation and scalability. The Eclipse platform's expanded fixed income capabilities and integration with major trading platforms like Tradeweb and Bloomberg strengthen SS&C's competitive position in the institutional trading technology market. For simpler understanding: imagine upgrading from a basic calculator to a sophisticated computing system that can handle complex financial calculations automatically.
These updates primarily target operational efficiency and risk management, important aspects for financial institutions managing alternative investments. The enhanced multi-asset support and automated trading features position SS&C to capture more market share in the growing alternatives sector, which could positively impact recurring revenue streams.
This product update strengthens SS&C's market position in the $200+ billion fintech solutions market. The enhanced fixed income trading capabilities and expanded asset class coverage directly address the growing demand for sophisticated trading tools in the alternatives space, where assets under management continue to expand rapidly.
The improvements in automation and trading efficiency are particularly timely given the current market environment where speed and accuracy in trade execution are paramount. The integration with major platforms like Tradeweb and Bloomberg reinforces SS&C's ecosystem strategy, making their solutions more sticky for institutional clients. Think of it as building a digital Swiss Army knife for financial institutions - the more tools added, the more indispensable it becomes.
The focus on managed migrations and API improvements indicates SS&C's commitment to client retention and system scalability, critical factors for maintaining their competitive edge against emerging fintech players and established competitors like BlackRock's Aladdin platform.
"As market leaders, we pride ourselves on our innovative spirit and dedication to collaborating with clients, providing purpose-built, scalable solutions. We tailor our releases to the global marketplace," said Karen Geiger, Co-General Manager of SS&C Wealth & Investment Technologies.聽"The recent advancements in our聽alternatives聽solutions illustrate our commitment to聽them to take full advantage of market opportunities."
聽latest release introduces new enhancements in support of credit, derivatives, and legal entity and investor accounting. The functionality聽lets users聽efficiently聽manage loans and transactions in the new Loan Servicing Workspace. This release also includes the Investor Fee Builder, enabling clients to configure their fee terms and聽apply to different investors.
Other enhancements focus on:
- Swap Financing: The platform now supports Dual Basis Financing on swaps to calculate separate accruals off notional market value and notional cost.
- PIK: Clients can now apply separate PIK schedules and spreads on credit contracts paying at self-defined frequencies quarterly and monthly cash pay.
- Managed Migrations are introduced to provide Managed Services clients with a seamless upgrade experience.
- Closed-End Funds: enhancements around GP Location and Legal Entitles defined in different currencies
- System Performance: enhancements to BIS Reuse and
Geneva's REST API
聽released several new enhancements covering multi-asset class, front office, interoperability, and operations:
- Expanded Fixed Income trading: Connectivity to fixed income platforms, including Tradeweb and Bloomberg
- Asset Class: Expanded asset class coverage, including improved swap management and native support for MBS, ABS, and CDS
- Trading Workflows: Simplified workflows with the ability to merge parent orders directly from the blotter
- Speed to Market: The ability to route orders to the market faster with up to 20 quick-send buttons available in the blotter
- Eze Marketplace: An expanded menu of plug-and-play solutions to bolster the platform's capabilities in risk management, reporting, data analytics, trade surveillance, liquidity, and TCA
聽focused on multi-asset and聽fixed-income support, automated trading, trade synchronization, and modeling. Notable enhancements include:
- Multi-Asset OMS: A new enhanced trade matching blotter for fixed income and options, improved FX swaps support for allocation processing and enhanced interest rate swap trade management
- Fixed Income EMS: Users can now view the best execution details for unsolicited trades. Improved alerting for fixed income unsolicited fills from liquidity vendors and support for fractional pricing for bond futures limit orders in algo trading
- Automated Trading: Automated Trading rules for fixed income orders and updated Automated Trading routing approval message
- Modeling: Model by underlying exposure, dirty price, and delta-adjusted exposure
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
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