SS&C Technologies
07.12.2011 14:30
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Expertise and Cloud Capability Cited as Reasons
WINDSOR, Conn., 2011-12-07 14:30 CET (GLOBE NEWSWIRE) --
SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial
software-enabled services and software, today announced that SS&C Fund Services
has been selected by Morgan Stanley to provide administration and accounting
services for the FX Gateway platform.
Morgan Stanley recently launched FX Gateway, a new multi-manager platform aimed
at providing institutional investors access to select currency managers. In
turn, the platform seeks to provide currency managers with a more diversified
investor base. The platform appointed SS&C as the administrator responsible for
net asset value calculations and to leverage SS&C's technology expertise to
maximize operational efficiency. Under the terms of the agreement, SS&C will
provide transaction processing, prime broker and counterparty reconciliation
services and deliver performance and liquidity reporting on a daily basis
through its web portal, SSCFundServices.com.
'SS&C stood out with excellent technology, expertise and independence,' said
James Rogers, Executive Director and Head of the Gateway Platform at Morgan
Stanley in London. 'We were impressed with the high level of expertise and
flexibility in providing solutions that has been demonstrated. It is comforting
to know we have a trusted partner that will service the FX Gateway Platform at
the highest level to let us focus on growing this business.'
'We were selected after a thorough due diligence process that compared SS&C's
class leading capabilities to those of other administrators,' said Rahul
Kanwar, Senior Vice President, SS&C Technologies. 'Our ability to deploy a very
scalable and yet very customized solution both in terms of people and
technology and tight integration with Morgan Stanley systems led to our winning
this mandate.'
'We are delighted to be working with Morgan Stanley on this new venture,' said
Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. 'Our full
suite of outsourcing expertise, services and state-of-the-art web-based
technology and mobile apps are being deployed to provide them with unparalleled
transparency and access to the day-to-day operations. We look forward to a
successful, long-term relationship.'
About SS&C Technologies
Celebrating its 25th year, SS&C is a global provider of investment and
financial software-enabled services and software focused exclusively on the
global financial services industry. Founded in 1986, SS&C has its headquarters
in Windsor, Connecticut and offices around the world. 5,000 financial services
organizations, from the world's largest to local financial services
organizations, manage and account for their investments using SS&C's products
and services. These clients in the aggregate manage over $16 trillion in
assets. Additional information about SS&C (Nasdaq:SSNC) is available at
www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook.
The SS&C Technologies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8587
CONTACT: Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: InvestorRelations@sscinc.com
News Source: NASDAQ OMX
07.12.2011 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: SS&C Technologies
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901258254
WKN:
End of Announcement DGAP News-Service
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DGAP-News: SS&C Selected to Administer New Multi-Manager Platform
| Source: EQS Group AG