SS&C's FIXLink starts short position reporting to Asic
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that FIXLink®, its global broker-neutral multi-asset FIX connectivity network, is now live with Australian Securities and Investments Commission (ASIC) for short position reporting for two institutional clients.
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Australia is the first country to introduce a mandatory daily reporting of end-of-day short positions by any seller on its registered markets. Market participants are required to deliver their reports via FIX 5.0 messaging. In addition to providing connectivity service into Australian regulator, SS&C FIXLink enables institutions to comply with the FIX 5.0 format requirement even if their position management and/or portfolio management systems do not have FIX 5.0 reporting output.
"We recognize a growing importance of the FIX protocol for middle and back office communications," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc., "Bringing together our expertise in back-office solutions, FIX connectivity, and providing services to international markets enabled us to create a cost-effective compliance solution for our customers."