Fairgreen Capital Ltd., a London-based investment management firm that launched this year, is using Eze Eclipse, a cloud-based investment solution from SS&C Technologies (SS&C), to support its investment operations. The client win was announced at the annual SS&C Deliver 2019 client conference underway at the Orlando Gaylord Palms resort from Sept. 17 to 19. “Fairgreen… Read More >>
Calypso & AI Vendor Target Back Office Ops
Calypso Partners With 2021.AI Financial software vendor Calypso Technology is partnering with an artificial intelligence IT platform provider, 2021.AI, to optimize back-office processes for Calypso’s global client base, officials say. The two vendors will focus on delivering state-of-the-art AI models and Calypso will facilitate access to 2021.AI’s Grace AI platform, officials say. “By partnering with… Read More >>
GBST Rejects SS&C in Favor of FNZ’s Bid
Back-office technology vendor GBST Holdings Ltd., based in Brisbane, Australia, has reversed course and is not likely to be acquired by SS&C Technologies. The GBST board has embraced the latest takeover bid from SS&C’s rival, FNZ Group, a U.K.-based financial technology provider. In the latest announcement, GBST officials announced that they have agreed to a… Read More >>
FNZ Bid to Review GBST-SS&C Actions Rejected
The bidding war between SS&C Technologies and FNZ Group for GBST Holdings Ltd. has taken a dramatic turn as an authority of the Australian government, the Takeovers Panel, rejected FNZ’s formal request to have the panel investigate GBST’s decision to move ahead with SS&C. Based in Melbourne, the Takeovers Panel is a peer review body… Read More >>
CFTC’s Division of Enforcement Issues First Manual
Manual Brings New Transparency to DOE In a first for the CFTC, the regulator’s Division of Enforcement (DOE) is publishing and distributing an Enforcement Manual that provides an overview of the CFTC and DOE. The manual is also intended to establish general policies and procedures to guide the work of DOE staff in “detecting, investigating,… Read More >>
SS&C Updates Black Diamond via Rebalancing Software
The latest version of the Black Diamond Wealth Platform, known as BD3, has been enhanced via integrated software that rebalances client data with the intended goal of freeing financial advisors from operational chores, say officials of SS&C Technologies Holdings, Inc., the maker of BD3, other financial services software and software-enabled solutions. The vendor released details… Read More >>
Fidessa Picks ION Bid Over Temenos & SS&C Overtures
ION Capital U.K. Ltd., which is indirectly and wholly owned by ION Investment Group Ltd., has won a key round in the battle to buy Fidessa as its $2.3 billion (£1.5 billion) bid has gotten the approval of the Fidessa board, besting a bid from Temenos. “The boards of ION and Fidessa are pleased to… Read More >>
SS&C, ION & Temenos Vie for Fidessa
The “Fidessa Chronicles” plot thickens as the trading systems vendor has revealed that SS&C Technologies and ION Investment Group are the formerly secret suitors that put forth offers earlier this week, countering the bid from Temenos. In the latest announcement, “Response to press speculation,” the Fidessa board “notes the press speculation in relation to potential… Read More >>
SS&C Solution Targets SEC’s Modernization Rules
New Solution Part of SS&C’s GlobeOp Offerings SS&C Technologies, a software systems and software-enabled services vendor, has just launched the SEC Modernization Reporting solution, part of the SS&C GlobeOp offerings, that targets the SEC’s efforts to push modernization for liquidity and regulatory reporting, officials say. The SEC’s modernization efforts will impact firms identified as registered… Read More >>
CFTC to Stream Regulation AT Meeting on Nov. 4
CFTC to Mull Add-On to Automated Trading Rule The CFTC will hold an open meeting on Friday, Nov. 4, at 10 a.m. to consider a supplemental proposal to Regulation Automated Trading (Regulation AT), according to an announcement from CFTC Chairman Timothy Massad. The CFTC Open Meeting will take place at the lobby-level hearing room at… Read More >>
