Connecticut-based fintech vendor SS&C Technologies has acquired Tradeware Global, a broker-neutral provider of systems for electronic access to global equity markets. Financial terms were not disclosed.
Founded in 1993 with broker and institutional customers in 82 countries, Wall Street-based Tradeware specialises in FIX-based equity order management systems, FIX connectivity and front-to-back office integration and compliance reporting services.
SS&C says the acquisition adds around 250 clients and 60 staff based in New York and London to the company's worldwide capabilities as it moves to expand its electronic trading offering in the broker/dealer market globally.
Bill Stone, chairman and CEO, SS&C, says: "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."