SS&C Technologies has onboarded more than 110 clients to its front-to-back Eze Eclispse platform since its launch last year.
The service provider expanded the platform to the EMEA and Asia-Pacific region last year and brought on a further 16 local funds to streamline their trading operations and minimise their total cost of ownership.
SS&C also implemented a series of upgrades which included expanded asset class support, enhanced order routing, analytics and reporting.
“Investment managers today can’t afford to operate with subpar technology or empty promises,” said Jonathan Jacoby, CIO and managing partner, Tabor Asset Management. “Eze Eclipse gives us intuitive capabilities across trading, compliance and accounting, and we continue to see product expansions released on a regular basis.”
SS&C Technologies acquired Eze Software in October 2018 for $1.45 billion. The Eze Eclipse platform combines the front-office order management software of Eze and the middle- and back-office services of SS&C GlobeOp. In July last year, SS&C reported it had onboarded 70 clients after rolling out the platform to its hedge fund users.
Global custodians and fund administrators are increasingly seeking to evolve their business models, which have traditionally centred on the back-office, to include front-office services. At the same time, front-to-back portfolio management systems have become a more viable and common deployment option for the buy-side.
“We are seeing demand from investment managers looking to modernise their technology and bring their operations into the cloud,” said Michael Hutner, general manager, SS&C Eze. “Many Eze Eclipse adopters are replacing platforms that they’ve outgrown. Eze Eclipse’s easy-to-use, streamlined workflows, security and reliability ensure our clients are prepared for the future.”