SS&C's cloud-based institutional broker-dealer order management system positions Cheevers for continued growth
WINDSOR, Conn., July 30, 2015 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq :SSNC ), a global provider of financial services software and software-enabled services, today announced Cheevers and Company has gone live with SS&C MarketTrader™ as its order management system (OMS). The Chicago-based institutional brokerage firm, which provides its clients with a variety of high touch execution services for domestic and international equities, uses the cloud-based solution to support its growing business.
Established in 1982, Cheevers is an independent broker-dealer certified as a Women's Business Enterprise and a member of the Chicago Stock Exchange (CHX), Financial Industry Regulatory Authority (FINRA), and the Securities Investor Protection Corporation (SIPC). Cheevers required a comprehensive, cost-effective solution for its order and execution management needs. MarketTrader enables the company to operate more efficiently at every step of the trading process: from order capture to execution, transaction and compliance reporting, in the US and internationally.
"Our philosophy is to singularly focus on our clients and improve their trading efficiencies by offering innovative solutions. Partnering with SS&C allows us to leverage their expertise and cloud technology, providing our clients with a superior customer experience," said Kathleen Cheevers, Founder, CEO and Chairwoman of the Board, Cheevers and Company. "The SS&C team did a great job of handling our migration, ensuring that we didn't have any issues with our clients. The transition was seamless."
"We are delighted to have been selected by Cheevers, one of the leading members of the Chicago Stock Exchange and known for their client service and execution abilities," said Bob Moitoso, Senior Vice President and General Manager, SS&C Financial Markets division. "We are equally pleased with the continued expansion of MarketTrader's client base, solidifying our position as a valued partner in helping broker-dealers meet the demands of a challenging marketplace."
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $44 trillion in assets.
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