SS&C Technologies launched GoTrade+, a flexible, middle office service for complex investment portfolios, which is for institutions that don’t want to build post-trade infrastructure.
The service supports post-trade activities of complex traded transactions including bilateral and cleared OTC derivatives, listed derivatives, loans and other securities. The technology receives trade data from front-office systems and delivers post-trade life cycle support, valuations, collateral management, cash services, accounting, reporting and data delivery — all wrapped in a personalized relationship management framework, the company said.
Commenting in the release, Carmine Ricciardi, Mizuho Securities USA Inc. a current client, s, "We leverage SS&C's GoTrade+ services to manage our OTC collateral processes. This provides us with a transparent, controlled and scalable infrastructure as well as subject matter expertise at a fraction of the cost of building and maintaining it ourselves."
According to the company, the services and technology are modular and integrated, which allows SS&C to offer all or one service based on the client’s requirements. GTrade+ uses web-based technology to provide 24/7 access to their trade data and statuses.
"Many institutions who use complex trades such as OTC derivatives don't want to build the infrastructure to handle post-trade activities," stated Jon Anderson, managing director, SS&C, a Windsor-Conn.-based provider of investment and financial software-enabled services. "This is where we step in, we share our technology and expertise with our clients to provide comprehensive, independent web-based transparency on traded portfolios."