Buy-side firms and vendors in the U.S. are exploring extensions of the FIX protocol to post-trade processes. But stretching FIX in this way will stir up battles over standard and proprietary protocols and whether post-trade processing should be done locally among firms or through a centralized matching system. The outcome of these battles may determine… Read More >>
SS&C GlobeOp launches in Luxembourg as Dion hires from Reval
SS&C GlobeOp Opens Luxembourg Office SS&C GlobeOp has opened a Luxembourg office, say officials at SS&C Technologies, parent of the fund administrator. The growth opportunities in Luxembourg is behind the decision, say company officials.Asset growth of funds domiciled and/or administered in Luxembourg grew more than 16 percent in the past year to $2,584,099 billion assets… Read More >>
Broadridge and Scivantage Tackle TARP III as SS&C Updates GoWire
Broadridge and Scivantage to Take on TARP III Broadridge Financial Solutions clients will gain access to the Maxit tax lot accounting system for cost-basis reporting from Scivantage, according to a strategic partnership targeting financial services firms that need help with so-called TARP III compliance, say officials from both companies. In April, the Internal Revenue Service… Read More >>
SS&C Has a New SVP for Outsourcing as Former LSE CTO Takes Same Post at LME
SS&C Taps PwC for Outsourcing SVP SS&C Technologies has hired Timothy Reilly, former assurance partner for international accounting firm PwC, to be its senior vice president of institutional outsourcing for its institutional services division, say officials at the financial services software vendor.Reilly will oversee SS&C’s institutional outsourcing division and lead efforts to enhance its presence… Read More >>
Douglas Jeffrey Leaves Information Mosaic as SWIFT Plans to Hire in Asia-Pacific
Jeffrey Leaves Information Mosaic Industry veteran Douglas Jeffrey has left his post as president for the Americas for Information Mosaic and is working with Recondo Technology, a software as a service (Saas) provider for the healthcare industry. Jeffrey confirms that he is the New York-based vice president for strategic accounts at Recondo, which provides Web-based,… Read More >>
Analysis: SS&C Buys Portia
The Portia middle-to-back office investment operations platform has found a new home with SS&C Technologies, which will soon have to decide whether or not to integrate the mature product with SS&C’s related offerings, say industry observers. One observer even suggests that Portia could become the new flagship offering of SS&C. The Windsor, Conn.-based SS&C announced… Read More >>
