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 aboutSS&C (Nasdaq:SSNC) is available
Follow SS&C on Twitter, Linkedin and Facebook.The SS&C Technologies logo is
available at www.globenewswire.com/newsroom/prs/?pkgid=8587
CONTACT: Patrick Pedonti
Chief Financial Officer
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