SS&C Technologies Announces Agreement with Interactive Data Corporation to Deliver Enhanced Market Data Services - Unveils the SS&C Data Center -.WINDSOR, Conn.--(BUSINESS WIRE)--Jan. 25, 1999--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 it has completed a formal business agreement with Interactive Data Corporation to jointly develop a comprehensive, automated data delivery interface between Interactive Data's RemotePlus(tm) service and SS&C's CAMRA 2000(tm) and SS&C Direct(sm) clients. "Interactive Data is pleased to offer both CAMRA 2000 and SS&C Direct clients a highly automated means of retrieving global pricing and fixed-income evaluations, as well as additional value-added data including dividends, corporate actions, and terms and conditions," stated Cort Williams, Director, Business Development Group, at Interactive Data. "This new relationship allows Interactive Data and its Financial Times Information affiliates to serve the needs, from asset set-up to post-trade accounting and reporting, of CAMRA 2000 clients worldwide. We are also excited to be exploring further integration opportunities with SS&C's Antares 2000(tm) and Mabel Systems(tm)." The new interface to Interactive Data's RemotePlus(tm) service will enable SS&C clients to select exactly the data updates they require using a simple point-and-click menu. Key features include: -- Ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. access and automated batch retrieval -- Internet, dial-up, frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. , and leased line A private communications channel leased from a common carrier. Most digital lines require four wires (two pairs) for full-duplex transmission. (communications, networking) leased line connectivity options -- Pre-formatted CAMRA 2000 data retrieval options -- Customizable data retrieval capabilities -- Textual and coded values -- Multiple security identifiers In conjunction with this announcement, SS&C introduces the SS&C Data Center(tm), a new product that captures, processes, and delivers information from external data providers, enabling SS&C's clients to request data on-line, using any of SS&C's products. Requests are sent automatically to data providers and results are returned directly to the requesting SS&C system. "We are excited to be working with a worldwide industry leader such as Interactive Data, to offer this premier service to our clients and prospects," stated Michael Morini, Senior Vice President of SS&C's Asset Management Business Unit. "The wealth of information available through Interactive Data, combined with the easy access the SS&C Data Center offers, will greatly enhance our clients' Straight-Thru Processing(sm) capabilities." The SS&C Data Center processes pricing, Security Master information (put, call, sinking fund sinking fund, sum set apart periodically from the income of a government or a business and allowed to accumulate in order ultimately to pay off a debt. A preferred investment for a sinking fund is the purchase of the government's or firm's bonds that are to be paid schedules, etc.), MBS/CMO factors, corporate actions (including dividends, splits, and reverse splits), performance information, and European Monetary Unit (EMU) related information (redenomination/renominalization rule subsets). Clients can choose to update their financial database directly, or download the information to spreadsheets, databases, and/or word processing word processing, use of a computer program or a dedicated hardware and software package to write, edit, format, and print a document. Text is most commonly entered using a keyboard similar to a typewriter's, although handwritten input (see pen-based computer) and documents. "SS&C's Data Center could not have been introduced at a more opportune op·por·tune adj. 1. Suited or right for a particular purpose: an opportune place to make camp. 2. Occurring at a fitting or advantageous time: an opportune arrival. time for our clients," comments Steve Helmbrecht, Senior Vice President, International. "As securities convert to the euro, the new security details resulting from the redenomination/renominalization process can be requested automatically and instantly through the SS&C Data Center, and stored directly into SS&C's software products, saving considerable time and effort." For 30 years, Interactive Data, part of Financial Times Information, has been a leading supplier of global securities pricing and related financial data supporting fund pricing, securities operations, research, and portfolio management. Interactive Data collects, edits, maintains, and delivers global data on over 3.1 million securities, commodities, and derivative instruments Derivative instruments Contracts such as options and futures whose price is derived from the price of an underlying financial asset. , including evaluations for over 2.3 million active fixed income issues. Interactive Data provides this data through a broad range of applications, systems, and delivery options, backed by a dedicated team of sales professionals, data experts, and customer support specialists. Based in Bedford, Massachusetts Bedford is a town in Middlesex County, Massachusetts, United States. It is within the Greater Boston area, some 15 miles north-west of the city of Boston. The population of Bedford was 12,595 at the 2000 census. , Interactive Data has 500+ employees located in offices in Boston, Chicago, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and London. In addition to the resources of Interactive Data, Financial Times Information has 700+ employees in offices located in London, Brussels, Edinburgh, Frankfurt, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Luxembourg, Melbourne, Paris, and Stockholm. For more information on Interactive Data and Financial Times Information and the products and services offered, please call (781) 687-8670. Additional Company information is located at www.intdata.com. With offices in the U.S., Canada, Europe and Asia, SS&C is a leading provider of financial software solutions, services, and expertise to asset managers worldwide. SS&C primarily targets its products and services to large-scale, sophisticated investment enterprises who use the trading, accounting, reporting, and analysis solutions to manage, in aggregate, more than $2 trillion in assets. Additional Company information is located at www.ssctech.com. RemotePlus is a trademark of Interactive Data Corporation. CAMRA 2000, Antares 2000, and Mabel Systems are trademarks of and SS&C Direct and Straight-Thru Processing are service marks of SS&C Technologies, Inc. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion