WINDSOR, Conn., Feb. 9, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced BNP Paribas North Asia has gone live on SS&C's TradeThru™, the leading trade processing solution for commercial banks, central banks and corporate treasuries, for enhanced flexible reporting and operational efficiency gains.
BNP Paribas, a SS&C client since 1989, uses TradeThru to process BNP Paribas' Securities, Money Markets, Foreign Exchange and Derivatives asset classes. The North Asia implementation, servicing Manila, Seoul, Taipei, Shanghai and Beijing, follows Mumbai and Geneva as the third BNP Paribas implementation to successfully migrate to TradeThru. Following the go live date, approximately 170 BNP Paribas professionals use TradeThru in five North Asia offices.
"We are now moving towards our goal of operational excellence, and our latest investment in TradeThru for our North Asia operations is another step in sustaining our long-term relationship with SS&C," said Nicolas Hazebrouck, head of IT asset liability management and local foreign exchange back-office. "TradeThru is helping us introduce more consistency and efficiency around our trading operations and client service."
"The continuing transition to TradeThru represents a significant progression in our relationship with BNP Paribas," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "With deep domain experience in the banking and asset management industry with a focus on customized delivery models, SS&C helps BNP deliver continuing operational improvements."
About BNP Paribas
BNP Paribas is a European leader in global banking and financial services and one of the six strongest banks in the world according to Standard & Poor's. Present across Europe through all its business lines, the Group has four domestic retail banking markets in France, Italy, Belgium and Luxembourg. It has one of the largest international networks with operations in 84 countries. BNP Paribas has key positions in its three core business: Retail Banking, Corporate and Investment Banking, and Investment Solutions.
About SS&C Technologies Holdings, Inc.
SS&C is a leader in the delivery of investment and financial management software and related services focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets. Additional information about SS&C (Nasdaq:SSNC) is available at ().
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CONTACT: Patrick Pedonti Chief Financial Officer Tel: +1-860-298-4738 E-mail: InvestorRelations@sscinc.com