#United States #SS&C Technologies #Windsor #Geneva #SaaS Enhancements

SS&C Technologies Unveils New SaaS Features for Alternative Investments

On December 26, 2024, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) made headlines with the announcement of significant updates to its Software as a Service (SaaS) offerings tailored for alternative investment managers. This release includes enhancements to platforms such as Geneva, OEMS, and Eclipse, underscoring SS&C's dedication to providing innovative, scalable solutions that cater to a global marketplace.

Karen Geiger, Co-General Manager of SS&C Wealth & Investment Technologies, remarked on the company's commitment to innovation and collaboration, stating, "As market leaders, we pride ourselves on our innovative spirit and dedication to collaborating with clients, providing purpose-built, scalable solutions. The recent advancements in our alternatives solutions illustrate our commitment to helping them take full advantage of market opportunities."

Among the key updates is the enhancement of SS&C Geneva®, a prominent platform in the alternative investment space. The latest release boasts new features that support credit management, derivatives, and investor accounting processes. Notably, the new Loan Servicing Workspace allows users to manage loans and transactions more efficiently, while the Investor Fee Builder feature enables clients to set customized fee terms applicable to various investors.

Major Enhancements in Geneva and Eclipse Platforms

Additional functionalities introduced with Geneva include:

• - Swap Financing: The platform now accommodates Dual Basis Financing for swaps, permitting the calculation of separate accruals based on notional market value and cost.
• - PIK (Payment-in-Kind): Users can now apply distinct PIK schedules and spreads on credit contracts, allowing for varied payment frequencies, including monthly and quarterly cash payments.
• - Managed Migrations: This feature aims to provide Managed Services clients with a smooth upgrade experience.
• - Closed-End Funds: The platform now supports enhancements related to GP locations and legal entities defined in various currencies.
• - System Performance: Improvements have been made to BIS Reuse and Geneva's REST API for better overall performance.

Eclipse, another critical component of SS&C's portfolio, has also seen several enhancements focusing on multi-asset class trading, interoperability, and operational efficiency. Key improvements include:

• - Expanded Fixed Income Trading: Enhanced connectivity to major fixed income platforms, such as Tradeweb and Bloomberg, to streamline trading processes.
• - Asset Class Coverage: Improved management of swaps and added native support for Mortgage-Backed Securities (MBS), Asset-Backed Securities (ABS), and Credit Default Swaps (CDS).
• - Simplified Trading Workflows: A new capability that allows users to merge parent orders directly from the trading blotter.
• - Speed to Market: A significant speed enhancement now provides users with up to 20 quick-send buttons available in the blotter for faster order routing.
• - Eze Marketplace Expansion: An expanded array of plug-and-play solutions designed to enhance risk management, reporting, data analytics, trade surveillance, and transaction cost analysis (TCA).

OEMS and Innovative Features

The OEMS (Order and Execution Management System) platform has similarly focused its enhancements on multi-asset and fixed-income support, alongside automation and trade synchronization. Notable features include:

• - Multi-Asset OMS: A new trade matching blotter specifically designed for fixed income and options, alongside improved support for FX swaps and rate swap trade management.
• - Fixed Income EMS: Enhanced visibility into execution details for unsolicited trades and improved alerts from liquidity vendors concerning fixed income unsolicited fills.
• - Automated Trading: Newly introduced rules for automated trading related to fixed income orders and procedural updates to the routing approval messages.
• - Modeling Capabilities: Enhanced modeling functions based on underlying exposure and delta-adjusted exposure factors.

Conclusion

As a global provider of services and software for the financial and healthcare sectors, SS&C Technologies, founded in 1986 and headquartered in Windsor, Connecticut, continues to serve a diverse range of financial institutions. With over 20,000 clients ranging from multinational corporations to mid-market firms relying on its technology and expertise, SS&C is clearly focused on facilitating innovative solutions that empower its clients to navigate the evolving landscape of alternative investments efficiently. For more information on SS&C and its offerings, visit www.ssctech.com and follow them on various social media platforms.