City of London Investment Group Selects SS&C for STP; Money Manager to Streamline International Research and Trading with CAMRA.Business/Technology Editors WINDSOR, Conn.--(BUSINESS WIRE)--Oct. 18, 2001 SS&C Technologies, Inc. (Nasdaq:SSNC SSNC Swedish Society for Nature Conservation (Stockholm, Sweden) SSNC Signaling System Network Control SSNC Status, Entity Data Not Consistent (Alcatel) ) today announced City of London Investment Group PLC has selected the Company's CAMRA(TM) system for robust portfolio management and research, along with modules such as Trading Room The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. , NAV See navigation system and navigation bar. , and Compliance. SS&C Direct, SS&C's Application Service Provider/Business Process Outsourcing (ASP/BPO) division, will serve as ASP to City of London. The system will be used by City of London's Singapore, London and Philadelphia operations. "Our trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. begins in our Singapore office and ends at close of business in the United States," said Tom Griffith, U.S. Operations Manager at City of London. "The CAMRA system and Trading Room will enable our portfolio managers in Singapore and London to enter trades from their own offices, and queue them for fund pricing and processing at the end of day in our U.S. office." "As the complexity of our investment operations increases, our clients will benefit from improved research capabilities, compliance monitoring, and integrated work flow," Griffith continued. "SS&C is focused on enabling our clients to easily move to T+1, and eventually T+0. We look forward to working with City of London Investment Group to improve their systems and processes," said William C. Stone, President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Chairman of the Board at SS&C. About City of London Investment Group PLC City of London Investment Group PLC is an emerging markets fund management group based in the United States, Europe and Asia. Founded in the early 1990s by Chief Executive Barry Olliff, City of London invests in closed-end funds and seeks to provide long term capital growth via active country asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and stock selection in emerging markets, with the objective of providing above average, long-term performance versus emerging market benchmarks. City of London's quarterly Macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. Outlook provides analysis of the prospects for emerging markets in the context of developments in the global economy. Additional information is available at www.citlon.co.uk. About SS&C Technologies With offices in the US, Canada, Europe and Asia, SS&C is a leading provider of financial software solutions, services and expertise to asset managers world-wide. Its diverse products and services are used by a large cross section of investment institutions who deploy its research, trading, accounting, reporting and analysis solutions and ASP services. Client companies manage, in aggregate, more than $3 trillion in assets. SS&C is publicly traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "SSNC." Additional Company information is available at www.ssctech.com. |
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