SS&C Technologies, a financial services software company, has acquired Tradeware Global, a provider of broker-neutral electronic trading solutions for equities.
The purchase expands SS&C’s global electronic trading offering in the broker/dealer market and adds 250 clients and 60 New York-based staff to the company.
Tradeware provides services to brokers and institutions in 82 countries around the world. The company specialises in FIX-based equity order management systems, FIX connectivity solutions and full front-to-back office integration and compliance reporting services.
“Tradeware’s solutions, talent and clients complement SS&C’s business and extend our ability to deliver increasingly sophisticated products and services to our clients,” said Bill Stone, chairman and chief executive officer of SS&C Technologies, in a statement. “Tradeware’s broker-neutral solutions deliver a rich user experience, low cost of ownership, and improved operational efficiency to global trading. These competitive differentiators have led many clients to choose Tradeware.”