Abacus Group Enters Strategic Alliance With SS&C FIXLink
Abacus Clients Trade Globally Via SS&C FIXLink(R) Trading Community
WINDSOR, Conn., Dec. 12, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, and Abacus Group LLC, a leading provider of hosted IT solutions for hedge funds and private equity funds, today announced a strategic alliance to provide investment firms hosting their platforms on the AbacusFLEX private cloud with a turnkey global FIX connectivity service that integrates seamlessly with their existing systems and functionality.
As part of the agreement, Abacus and SS&C offer Abacus clients a robust FIX service and access to a trading community with more than 350 brokers worldwide. SS&C's FIXLink service supports mutliple asset classes and the full lifecycle of a trade and is pre-certified with over 30 trading platforms.
"Top-tier and emerging investment management firms alike require robust, reliable FIX connectivity in order to compete in today's markets," said Chris Grandi, Chief Executive Officer, Abacus. "This partnership enables us to offer our clients instant access to SS&C's FIXLink trading community over our secure and flexible private cloud, getting their trading platforms quickly wired to brokers and ready to trade without sacrificing performance, security or resiliency of their operations and technology."
"We are excited to have an opportunity to provide this business-critical component of trading operations to Abacus' clients and to deliver them the same high-quality, expert service that our FIXLink Trading Community participants have come to rely on," said Bob Moitoso, Senior Vice President, SS&C Financial Markets Group. "As a broker-neutral services provider, we completely take care of the FIX connectivity needs of our clients, including infrastructure, connectivity management, certification, and onboarding."
The AbacusFLEX platform is a cost-effective, private cloud solution that provides the flexibility to host any application, the scalability to add resources as needed, and the assurance that data is always available, secure and protected. FIXLink is one of the largest global multi-asset FIX messaging communities in the industry supporting pre-trade, trade and post trade workflows. FIXLink provides its participants with the advantage of hub & spoke connectivity coupled with advanced message-handling and reporting services.
About SS&C Technologies
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. Some 5,500 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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CONTACT: Patrick Pedonti Chief Financial Officer Tel: +1-860-298-4738 E-mail: InvestorRelations@sscinc.com