WINDSOR, Conn. – SS&C Technologies Holdings, Inc. (NASDAQ: NASDAQ:) today unveiled its latest software-as-a-service (SaaS) updates for alternative investment managers, enhancing platforms such as Geneva, OEMS, and Eclipse. The new features aim to provide scalable solutions tailored to the global market, emphasizing efficiency in credit, derivatives, and investor accounting management.
The recent Geneva® update introduces the Loan Servicing Workspace for efficient management of loans and transactions, alongside the Investor Fee Builder, which allows clients to configure and apply fee terms for different investors. Other enhancements include support for Dual Basis Financing on swaps, separate PIK schedules and spreads on credit contracts, and system performance improvements such as BIS Reuse and enhancements to Geneva’s REST API.
Eclipse has expanded its capabilities with new enhancements that cover multi-asset class trading, including connectivity to fixed income platforms like Tradeweb and Bloomberg, improved swap management, and native support for MBS, ABS, and CDS. Trading workflows have been simplified, and the platform now offers quick-send buttons for faster order routing to the market. Additionally, the Eze Marketplace has been expanded to offer a wider range of solutions in risk management, reporting, data analytics, trade surveillance, liquidity, and transaction cost analysis (TCA).
OEMS updates focus on multi-asset and fixed-income support, including an enhanced trade matching blotter for fixed income and options, improved FX swaps support for allocation processing, and enhanced interest rate swap trade management. For fixed income electronic market systems (EMS), users can now view best execution details for unsolicited trades, with improved alerting and support for fractional pricing for bond futures limit orders in algorithmic trading. Automated trading rules have been updated for fixed income orders, and new modeling capabilities allow for underlying exposure, dirty price, and delta-adjusted exposure.
SS&C Technologies, a provider of services and software for the financial services and healthcare industries, has been serving a diverse client base since 1986. The company emphasizes its commitment to innovation and client collaboration in developing its software solutions.
The information for this article is based on a press release statement. SS&C Technologies’ updates reflect its focus on adapting to the evolving needs of alternative investment managers and the broader financial industry.
In other recent news, SS&C Technologies reported a robust financial performance in its third-quarter earnings call, noting a record adjusted revenue of $1,466.8 million, a 7.3% increase from the previous year, and a 10.3% rise in adjusted diluted earnings per share to $1.29. The company’s operating cash flow saw a significant increase of 39%, coming in at $336.6 million for the quarter. SS&C Technologies projects a 4% to 8% organic growth outlook for 2025, with a focus on sales force and product development.
In the same vein, Western Union (NYSE:) Co. reported a solid third quarter in 2024, with revenue reaching $1.040 billion, a 1% adjusted revenue growth. The company’s digital transactions saw a significant increase of 15%, and the Consumer Money Transfer segment also experienced a 4% rise in transactions. Western Union is enhancing its digital presence through strategic acquisitions in Singapore and Mexico, progressing well with its Evolve 2025 strategy, targeting a flat to positive 2% revenue growth by 2025.
In other developments, SS&C Technologies renewed its partnership with Omnis Investments Limited, a prominent U.K. asset manager overseeing more than GBP10 billion. This extension of their transfer agency relationship will continue to support Omnis’s suite of mutual funds. Finally, RBC Capital Markets has identified its top five investment ideas for fiscal year 2025, which include Fiserv (NYSE:), SS&C Technologies, FIS, PayPal (NASDAQ:), and Block. These recent developments highlight the companies’ commitment to growth and digital expansion.
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