SS&C Signs BB&T Capital Markets as an Alliance Partner.Business Editors WINDSOR, Conn.--(BUSINESS WIRE)--Nov. 20, 2002 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) ), a leading provider of e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. solutions to financial institutions, today announced the signing of a contact with BB&T Capital Markets, a division of Scott & Stringfellow, Inc. to be an alliance partner for its portfolio processing, analytics and asset/ liability management services. "We are very pleased to be selected to provide our internet-based bond accounting and portfolio analytics systems to BB&T's clients and correspondents. BB&T is a very prestigious and established firm and we look forward to meeting the high expectations they have for the products and services that they offer to their clients," stated Michael Murphy Michael Murphy may refer to:
"We evaluated several products in the marketplace and found that PortPro offered the best solution for our clients," said Chris Goetz, Managing Director of the Portfolio Strategies Group for BB&T Capital Markets. "The combination of report options and the fact that clients can access the service directly were important features." About PortPro and PALMS SS&C's Lightning suite of Internet based information and services helps dealer banks and their correspondents effectively manage their fixed income portfolios. PortPro includes state-of-the-art bond accounting and interest rate risk monitoring. With its powerful analytics, banks can analyze and optimize optimize - optimisation their balance sheets using PALMS' performance reporting and on-line simulation tools. About SS&C Technologies Inc. Headquartered in Windsor, CT, with offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia, SS&C delivers investment and financial management software and related services in five vertical markets: 1) hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and family offices, 2) institutional asset managers, 3) insurance entities and pension funds, 4) real estate property managers, and 5) financial institutions. In each of these markets, SS&C's solutions are in the top tier of competitive product offerings. Worldwide, SS&C's clients manage, in aggregate, more than $4 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in assets. SS&C is publicly traded on the NASDAQ under the symbol "SSNC." Additional information is available at www.ssctech.com. About BB&T Capital Markets BB&T Capital Markets is a division of Scott & Stringfellow, Inc., a registered broker/dealer subsidiary of BB&T Corporation and member of the NYSE/SIPC. BB&T Capital Markets focuses on middle-market institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. with an emphasis on innovation and execution. For more information, visit www.bbandt.com/capitalmarkets. |
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