SS&C Technologies Acquires MarginMan(TM) Business from Integral; Establishes Presence in Ireland and Expands Depth in FX Market.WINDSOR, Conn. -- SS&C Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SSNC SSNC Swedish Society for Nature Conservation (Stockholm, Sweden) SSNC Signaling System Network Control SSNC Status, Entity Data Not Consistent (Alcatel) ) today announced the acquisition of the assets and business of MarginMan, a business within Integral Development Corp., for $5.6 million in cash and the assumption of certain liabilities. MarginMan delivers collateralized trading software to many of the leading players in the foreign exchange (FX) marketplace. MarginMan fully supports collateralized FX trading, precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. trading and over-the-counter FX options trading. SS&C Chairman and 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. Bill Stone commented, "We are excited about this acquisition. FX markets continue to expand as global financial institutions increasingly use collateral to control credit and manage their risk. The acquisition of MarginMan complements our existing portfolio of products and services and gives us an immediate presence in Ireland." Jim Duffy Jim Duffy may refer to multiple people:
Colleen col·leen n. An Irish girl. [Irish Gaelic cailín, diminutive of caile, girl, from Old Irish. Nelsen, SS&C's Senior Vice President, Financial Institutions, stated, "In the past few years, SS&C has decisively grown its capital markets business, and offers a broad slate of products and services. MarginMan adds to our offerings by supporting the unique needs of the collateralized trading market. We see strong synergies between TradeThru and MarginMan, including market expertise, technology interfaces and expanded client opportunities." About SS&C Technologies, Inc. SS&C delivers investment and financial management software and related services focused exclusively on the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. By leveraging expertise in common investment business functions, SS&C cost-effectively serves clients in the different industry segments, including: 1) financial institutions, 2) 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, 3) institutional asset management, 4) insurance entities and pension funds, 5) municipal finance, 6) commercial lending, and 7) real estate property management. SS&C is publicly traded on NASDAQ under the symbol "SSNC". Additional information on SS&C is available at www.ssctech.com. |
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