SS&C Technologies enters strategic alliance with Abacus Group SS&C Technologies Holdings and Abacus Group announced a strategic alliance to provide investment firms hosting their platforms on the AbacusFLEX private cloud with a turnkey global FIX connectivity service that integrates seamlessly with their existing systems and functionality. As part of the agreement, Abacus and SS&C offer Abacus clients a robust FIX service and access to a trading community with more than 350 brokers worldwide. SS&C's FIXLink service supports mutliple asset classes and the full lifecycle of a trade and is pre-certified with over 30 trading platforms.
SS&C potential buyout of Advent 'feasible,' says JPMorgan JPMorgan believes SS&C's (SSNC) potential acquisition of Advent (ADVS) for $45 per share, as reported Wednesday by Bloomberg, would be "financially feasible" and bring earnings accretion between 10c-50c. The firm thinks SS&C could finance between $2.0B-$2.4B of the $2.7B transaction with debt and equity.