SS&C, which produces FIXLink, MarketCenter, and the MarketTrader OEMS among other applications, will use the extranet to transact, receive, and distribute information through an open ecosystem.
Connexus, which uses a scalable, multiprotocol label switching (MPLS) platform to support financial industry standards such as FIX, is increasingly being used by technology vendors and execution venues, in addition to traditional buy- and sell-side institutions, for hosted connectivity.
"With Connexus we are giving clients access to all our services over one dedicated connection," says Bob Moitoso, senior vice president and general manager at SS&C. "Our customers demand quick, seamless, and efficient access to markets and IPC's extranet allows us to meet those demands."
The move should also help support SS&C's recent growth, including the significant acquisitions of both GlobeOp and Thomson Reuters' Portia in 2012.
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails