Some Quick Thoughts on SS&C Capturing Portia
As I write this, I'm in North Carolina visiting family. Not surprisingly, when I take a break from work I tend not to have my finger on the pulse of the financial technology world.
But one thing in the news did catch my eye today: SS&C Technologies has bought Thomson Reuters' Portia business, which is an investment operations platform geared toward the buy side.
I haven't had the opportunity to delve into this acquisition more, but my initial reaction is that this is quite a coup for SS&C, which will add more than 140 staff members around the globe. As long as SS&C can keep the ship steered in the right direction, this should be a beneficial acquisition for portfolio managers because of the synergies that this could potentially create for SS&C's suite of products.
For Thomson Reuters, the data provider is now reportedly $170 million richer, which might be necessary in light of recent changes throughout the vendor, which were covered extensively by sibling publication Inside Market Data. And Thomson Reuters has already let it be known that other legacy programs are available for purchase.
These are just my initial thoughts, but I'll be sure to look into this once I return to New York on Monday. In the meantime, if you have any thoughts on this acquisition, send me an email at anthony.malakian@incisivemedia.com.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: IPC extends Google Cloud partnership, BlackRock/AIA, DTCC and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Deutsche Bank’s Boon-Hiong Chan
Boon-Hiong Chan from Deutsche Bank joins the podcast to talk about blockchain interoperability.
SocGen pushes data, analytics use cases for SG Markets
The bank is letting a handful of clients experiment with its proprietary data and models to inform their research.
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
AI could cut time for money laundering checks by 99%
Leading crypto exchange rolling out large language model for enhanced due diligence checks.
Standard Chartered keeps faith with quantum experimentation
The bank is aiming to future-proof itself with the ability to adopt new technology at an early stage.
Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.
This Week: Genesis/Interop.io; S&P Global; Finos/OS-Climate and more
A summary of the latest financial technology news.