SimCorp, a global enabler of financial technology, and Clearstream, the post-trade business for the global markets, have launched a partnership to incorporate Clearstream’s post-trade offering in SimCorp’s integrated, front-to-back investment platform SimCorp One.
Both SimCorp and Clearstream are members of Deutsche Börse Group.
SimCorp’s clients are now able to enjoy integrated “access to Clearstream’s fund data solutions via its Kneip platform to disseminate data, documents and regulatory reporting for their funds.”
It gives SimCorp clients the opportunity to outsource these tasks, which will enable them to “achieve material cost savings and drive efficiency and scale.”
In a next step, Clearstream and SimCorp will “explore the inclusion of further fund and securities services, including fund distribution on the FundsDLT Software-as-a-Service (SaaS) transfer agency platform, as well as solutions for collateral management and tri-party repo.”
Georg Hetrodt SimCorp Chief Executive Officer said:
“With SimCorp One, we offer our clients the opportunity to leverage the world’s best financial technology and services. Adding Clearstream to our existing ecosystem gives investment managers additional ways to leverage investment management solutions based on access to market infrastructure solutions.”
This partnership marks a significant milestone in further “developing Deutsche Börse Group’s comprehensive buy-side offering that aims to connect investment managers to the Group’s wider trade and post-trade ecosystem.”
Philippe Seyll, CEO Clearstream Fund Service said:
“At Clearstream, we are thrilled to offer asset managers access to premier fund data and regulatory solutions as part of the SimCorp One ecosystem. By leveraging SimCorp as our partner within Deutsche Börse Group, we will make our offering even more readily accessible to the investment management industry. We are looking forward to a close collaboration and to expanding this partnership across Clearstream’s post-trade services for both securities and funds.”
As noted in the update, SimCorp is a provider of “integrated investment management solutions for the global buy side.”
Founded in 1971, with more than 3,500 employees across five continents, SimCorp is a global technology firm “that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.”
SimCorp is a subsidiary of Deutsche Börse Group.
As of 2024, SimCorp includes Axioma, the “provider of risk and management and portfolio optimization solutions for the global buy side.”
