SS&C Technologies Holdings Inc. in Windsor says it has boosted its sell-side stock trading operation with the purchase of thinklink from TD Ameritrade.
Price and terms of the deal were not disclosed.
Thinklink is an online trade-order management system linked to automated trading systems. As part of the deal, SS&C picked up from TD Ameritrade more than 50 institutional sell-side clients and seven staffers based in Needham, Mass. TD Ameritrade is based in Omaha, Neb.
“The thinklink transaction is aligned with our growth strategy for our front office software and software-enabled services,” said SS&C Chairman and CEO Bill Stone.
SS&C, which went public this spring, provides investment and financial management software and related services to the global financial industry.
Last week, Swiss “fund of funds” manager E.I.M. SA hired SS&C to provide fund accounting and fund administration services for the several billion dollars in U.S. assets E.I.M. manages.
