WINDSOR, Conn., April 21, 2010 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that Geneva-based Banque Syz & Co SA (www.syzbank.ch) has selected SS&C's MarginMan to support their margin trading of foreign exchange, precious metals and over-the-counter FX options while maintaining full control over the credit risk associated with client trading.
Banque Syz selected MarginMan for its margining and netting techniques available and will use its flexibility to implement the bank's own unique risk methodologies.
"We are positively impressed by SS&C Technologies' proven track record, nimbleness and experience," said Mauro Malacari, Head of IT, Banque Syz. "They rapidly assessed our requirements, recognized our desire to move quickly, and responded in a collaborative manner."
"We are proud Banque Syz has selected MarginMan to assist in the growth of their collateralized FX Margin trading business," said Bill Stone, Chairman and CEO, SS&C Technologies, Inc. "MarginMan has consistently proven to be the leading risk management tool in the marketplace and I am pleased to have this confirmed by a bank of the quality and performance of Banque Syz."
About Banque Syz & Co SA
Founded in Geneva in 1996, Swiss banking group SYZ & CO has established itself as a respected asset management specialist, thanks to its original concept and years of strong results.
Headquartered in Geneva, the Group is also represented across Switzerland - Zurich, Lugano and Locarno – as well as abroad, with offices in Milan, Rome, Madrid, London, Luxembourg, Salzburg, Nassau and Hong Kong.
SYZ & CO has developed a strong expertise in active asset management and offers its services to a wide range of demanding clients, both private and institutional.
SYZ & CO's business is based on four activities:
- High-level private banking
- Institutional Asset Management
- The OYSTER Funds family, a Luxembourg umbrella Sicav registered and marketed in 10 European countries
- An acknowledged expertise in the management of alternative investments, through 3A SA (Alternative Asset Advisors)
For further information about Banque Syz, please visit www.syzbank.ch.
About SS&C Technologies Holdings, Inc.
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management, 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. Additional information is available at www.ssctech.com.
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