Clearwater Analytics, a provider of investment accounting software-as-a-service (SaaS) solutions, is acquiring Enfusion, a SaaS provider to investment managers and hedge funds, for approximately $1.5 billion to combine their respective offerings and build a front-to-back office platform. “The purchase price is $11.25 per share, delivered in an approximately equal mix of cash and stock. Additionally,… Read More >>
SS&C Launches SaaS Updates for Geneva, Eclipse & OEMS
With alternative investment firms in mind, officials say SS&C Technologies is offering a variety of new features and functions via updated software-as-a-service (Saas) releases of the Geneva, Eclipse, and OEMS products and services platforms. “We tailor our releases to the global marketplace. The recent advancements in our alternatives solutions illustrate our commitment to them to… Read More >>
Recs Projects Still Seen as ‘Complex, Costly & Messy’
(Marc McCarthy has worked for 25 years in reconciliations. His career began as “a reconciler and then project/program manager at Tier 1 banks,” he says. He also had a secondary career in consulting, sales, and executive roles on the provider side. He launched ReconIQ, a London-based specialist in reconciliation advisory services during the second quarter… Read More >>
Geopolitical Woes Are Top Systemic Risk Concerns: Survey
A little more than half of survey respondents — 55 percent — say that they “believe there is high or very high chance” that there will be “a high-impact systemic event” in 2025, and 84 percent express concern that a geopolitical event could impact financial services during the coming year. These findings are from the… Read More >>
Omnis Extends Transfer Agency Contract with SS&C
Officials say that multi-manager investment firm Omnis Investments Ltd. has extended its transfer agency relationship with SS&C Technologies and among its top goals is the evolution of its digital service offerings. The London-based firm’s contract with SS&C covers “Omnis’s range of mutual funds, which invest across several asset classes and regions. With more than GBP10 billion [$12.6… Read More >>
Interactive Brokers Bolsters Web-Based ‘Adviser Portal’
Online broker Interactive Brokers has added trading and portfolio management tools to its web-based Advisor Portal that are intended to help financial advisors “streamline client account management,” officials say. The additional features emanate from the firm’s flagship Trader Workstation desktop platform. The latest enhancements are: Portfolio View: This feature provides “an overview of client account… Read More >>
Broadridge & CCRI Target Crypto Sustainability Compliance
A collaboration between Broadridge Financial Solutions and the Crypto Carbon Ratings Institute (CCRI), a provider of sustainability data on digital assets, is slated to deliver an integrated communications, data, and disclosure generation platform intended to help European exchanges, brokers, and asset managers meet new sustainability reporting requirements, officials say. The integration brings together CCRI’s sustainability… Read More >>
SIFMA’s DLT Experiment Could Overhaul Ops
A groundbreaking proof-of-concept initiative led by the Securities Industry and Financial Markets Association (SIFMA) and involving major financial services firms and top financial technology providers has shown the “potential advantages of implementing a shared ledger system” for post-trade operations that could spur “innovation in securities settlement processes” via improved operational efficiency, real-time liquidity access, and… Read More >>
Clear Street U.K. Launches & Joins LME
Clear Street has launched Clear Street U.K. in London, the first major step by the maker of cloud-native securities transaction services to expand beyond North America, officials say. Clear Street’s product suite includes offerings for financing, derivatives products, execution services, and futures clearing. Following approval by the U.K. regulator Financial Conduct Authority (FCA), Clear Street… Read More >>
Is the SEC at a Digital Assets Crossroads?
(SEC Chair Gary Gensler will be stepping down from the top spot for the U.S. regulator on January 20, 2025, which means the new Trump administration will be looking for a replacement. Trump is likely to name a chairperson who has a more favorable stance toward digital assets and would be far less aggressive than… Read More >>
