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                                                                    EXHIBIT 10.4
                            SS&C TECHNOLOGIES, INC.

                       1996 EMPLOYEE STOCK PURCHASE PLAN



     The purpose of this 1996 Employee Stock Purchase Plan (the "Plan") is to
provide eligible employees of SS&C Technologies, Inc., a Delaware corporation
(the "Company"), and certain of its subsidiaries with opportunities to purchase
shares of the Company's Common Stock, $.01 par value (the "Common Stock").  Two
Hundred Thousand (200,000) shares of Common Stock in the aggregate have been
approved for this purpose.

     1.   Administration.  The Plan will be administered by the Company's Board
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of Directors (the "Board") or by a Committee appointed by the Board (the
"Committee").  The Board or the Committee has authority to make rules and
regulations for the administration of the Plan and its interpretation and
decisions with regard thereto shall be final and conclusive.

     2.   Eligibility.  Participation in the Plan will neither be permitted nor
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denied contrary to the requirements of Section 423 of the Internal Revenue Code
of 1986, as amended (the "Code"), and regulations promulgated thereunder.  All
employees of the Company, including directors who are employees, and all
employees of any subsidiary of the Company (as defined in Section 424(f) of the
Code) designated by the Board or the Committee from time to time (a "Designated
Subsidiary"), are eligible to participate in any one or more of the offerings of
Options (as defined below) to purchase Common Stock under the Plan, provided
that:

          (a)  they are regularly employed by the Company or a Designated
Subsidiary for more than 20 hours a week and for more than five months in a
calendar year; and

          (b)  they have been employed by the Company or a Designated Subsidiary
for at least three months prior to enrolling in the Plan; and

          (c)  they are employees of the Company or a Designated Subsidiary on
the first day of the applicable Plan Period (as defined below).

     No employee may be granted an option hereunder if such employee,
immediately after the option is granted, owns 5% or more of the total combined
voting power or value of the stock of the Company or any subsidiary.  For
purposes of the preceding sentence, the attribution rules of Section 424(d) of
the Code shall apply in determining the stock ownership of an employee, and all
stock which the


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employee has a contractual right to purchase shall be treated as stock owned by
the employee.

     3.   Offerings.  The Company will make one or more offerings ("Offerings")
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to employees to purchase Common Stock under this Plan.  The Board or the
Committee shall determine the commencement dates of each of the Offerings (the
"Offering Commencement Dates").  Each Offering Commencement Date will begin a
period (a "Plan Period") during which payroll deductions will be made and held
for the purchase of Common Stock at the end of the Plan Period.  The Board or
the Committee shall choose a Plan Period of twelve (12) months or less for each
of the Offerings and may, at its discretion, choose a different Plan Period for
each Offering.

     4.   Participation.  An employee eligible on the Offering Commencement Date
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of any Offering may participate in such Offering by completing and forwarding a
payroll deduction authorization form to the Treasurer of the Company at least 14
days prior to the applicable Offering Commencement Date.  The form will
authorize a regular payroll deduction from the Compensation received by the
employee during the Plan Period.  Unless an employee files a new form or
withdraws from the Plan, his deductions and purchases will continue at the same
rate for future Offerings under the Plan as long as the Plan remains in effect.
The term "Compensation" means the amount of money reportable on the employee's
Federal Income Tax Withholding Statement, excluding overtime, shift premium,
incentive or bonus awards, allowances and reimbursements for expenses such as
relocation allowances for travel expenses, income or gains on the exercise of
Company stock options or stock appreciation rights, and similar items, whether
or not shown on the employee's Federal Income Tax Withholding Statement, but
including, in the case of salespersons, sales commissions to the extent
determined by the Board or the Committee.

     5.   Deductions.
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          (a)  The Company will maintain payroll deduction accounts for all
participating employees.  With respect to any Offering made under this Plan, an
employee may authorize a payroll deduction, as set forth below, from the
Compensation he or she receives during the Plan Period or such shorter period
during which deductions from payroll are made.  Payroll deductions may be at the
rate of 1%, 2%, 3%, 4%, 5%, 6%, 7%, 8%, 9% or 10% of Compensation.

          (b)  No employee may be granted an Option which permits his rights to
purchase Common Stock under this Plan and any other stock purchase plan of the
Company and its subsidiaries, to accrue at a rate which exceeds $25,000 of the
fair market value of such Common Stock (determined at the Offering Commencement
Date of the Plan Period) for each calendar year in which the Option is
outstanding at any time.

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     6.   Deduction Changes.  An employee may decrease or discontinue his
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payroll deduction once during any Plan Period by filing a new payroll deduction
authorization form.  However, an employee may not increase his payroll deduction
during a Plan Period.  If an employee elects to discontinue his payroll
deductions during a Plan Period, but does not elect to withdraw his funds
pursuant to Section 8 hereof, funds deducted prior to his election to
discontinue will be applied to the purchase of Common Stock on the Exercise Date
(as defined below).

     7.   Interest.  Interest will not be paid on any employee payroll deduction
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accounts, except to the extent that the Board or its Committee, in its sole
discretion, elects to credit such accounts with interest at such per annum rate
as it may from time to time determine.

     8.   Withdrawal of Funds.  An employee may on any one occasion during a
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Plan Period and for any reason withdraw all or part of the balance accumulated
in the employee's payroll deduction account. Any such withdrawal must be
effected prior to the close of business on the last day of the Plan Period. If
the employee withdraws all of such balance, the employee shall thereby withdraw
from participation in the Offering and may not begin participation again during
the remainder of the Plan Period. Any employee withdrawing all or part of such
balance may participate in any subsequent Offering in accordance with terms and
conditions established by the Board or the Committee, except that, unless
otherwise permitted under Section 16 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and the rules promulgated thereunder, any employee
who is also a director and/or officer of the Company within the meaning of
Section 16 of the Exchange Act may not (a) withdraw less than all of the balance
accumulated in such employee's payroll deduction account or (b) participate
again for a period of at least six months as provided in Rule 16b-3(d)(2)(i) or
any successor provision under the Exchange Act.

     9.   Purchase of Shares.
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          (a)  On the Offering Commencement Date of each Plan Period, the
Company will grant to each eligible employee who is then a participant in the
Plan an option (an "Option") to purchase on the last business day of such Plan
Period (the "Exercise Date"), at the Option Price hereinafter provided for, such
number of whole shares of Common Stock of the Company reserved for the purposes
of the Plan as does not exceed the number of shares determined by dividing 15%
of such employee's annualized Compensation for the immediately prior six-month
period by the price determined in accordance with the formula set forth in the
following paragraph but using the closing price on the Offering Commencement
Date of such Plan Period.

          (b)  The Option Price for each share purchased will be 85% of the
closing price of the Common Stock on (i) the first business day of such Plan
Period or

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(ii) the Exercise Date, whichever closing price shall be less. Such closing
price shall be (A) the closing price of the Common Stock on any national
securities exchange on which the Common Stock is listed, or (B) the closing
price of the Common Stock on the Nasdaq National Market ("Nasdaq") or (C) the
average of the closing bid and asked prices in the over-the-counter market,
whichever is applicable, as published in The Wall Street Journal. If no sales of
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Common Stock were made on such a day, the price of the Common Stock for purposes
of clauses (A) and (B) above shall be the reported price for the next preceding
day on which sales were made.

          (c)  Each employee who continues to be a participant in the Plan on
the Exercise Date shall be deemed to have exercised his Option at the Option
Price on such date and shall be deemed to have purchased from the Company the
number of full shares of Common Stock reserved for the purpose of the Plan that
his accumulated payroll deductions on such date will pay for pursuant to the
formula set forth above (but not in excess of the maximum number determined in
the manner set forth above).

          (d)  Any balance remaining in an employee's payroll deduction account
at the end of a Plan Period will be automatically refunded to the employee,
except that any balance which is less than the purchase price of one share of
Common Stock will be carried forward into the employee's payroll deduction
account for the following Offering, unless the employee elects not to
participate in the following Offering under the Plan, in which case the balance
in the employee's account shall be refunded.

     10.  Issuance of Certificates.  Certificates representing shares of Common
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Stock purchased under the Plan may be issued only in the name of the employee,
in the name of the employee and another person of legal age as joint tenants
with rights of survivorship, or (in the Company's sole discretion) in the street
name of a brokerage firm, bank or other nominee holder designated by the
employee.

     11.  Rights on Retirement, Death or Termination of Employment.  In the
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event of a participating employee's termination of employment prior to the last
business day of a Plan Period (whether as a result of the employee's voluntary
or involuntary termination, retirement, death or otherwise), no payroll
deduction shall be taken from any pay due and owing to the employee and the
balance in the employee's payroll deduction account shall be paid to the
employee or, in the event of the employee's death, (a) to a beneficiary
previously designated in a revocable notice signed by the employee (with any
spousal consent required under state law) or (b) in the absence of such a
designated beneficiary, to the executor or administrator of the employee's
estate or (c) if no such executor or administrator has been appointed to the
knowledge of the Company, to such other person(s) as the Company may, in its
discretion, designate.  If, prior to the last business day of the Plan Period,
the Designated Subsidiary by which an employee is employed shall

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cease to be a subsidiary of the Company, or if the employee is transferred to a
subsidiary of the Company that is not a Designated Subsidiary, the employee
shall be deemed to have terminated employment for the purposes of this Plan.

     12.  Optionees Not Stockholders.  Neither the granting of an Option to an
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employee nor the deductions from his pay shall constitute such employee a
stockholder of the shares of Common Stock covered by an Option under this Plan
until such shares have been purchased by and issued to him.

     13.  Rights Not Transferable.  Rights under this Plan are not transferable
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by a participating employee other than by will or the laws of descent and
distribution, and are exercisable during the employee's lifetime only by the
employee.

     14.  Application of Funds.  All funds received or held by the Company under
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this Plan may be combined with other corporate funds and may be used for any
corporate purpose.

     15.  Adjustment in Case of Changes Affecting Common Stock.  In the event of
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a subdivision of outstanding shares of Common Stock, or the payment of a
dividend in Common Stock, the number of shares approved for this Plan, and the
share limitation set forth in Section 9, shall be increased proportionately, and
such other adjustment shall be made as may be deemed equitable by the Board or
the Committee.  In the event of any other change affecting the Common Stock,
such adjustment shall be made as may be deemed equitable by the Board or the
Committee to give proper effect to such event.

     16.  Merger.
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          (a)  If the Company shall at any time merge or consolidate with
another corporation and the holders of the capital stock of the Company
immediately prior to such merger or consolidation continue to hold at least 80%
by voting power of the capital stock of the surviving corporation ("Continuity
of Control"), the holder of each Option then outstanding will thereafter be
entitled to receive at the next Exercise Date upon the exercise of such Option
for each share as to which such Option shall be exercised the securities or
property which a holder of one share of the Common Stock was entitled to upon
and at the time of such merger, and the Board or the Committee shall take such
steps in connection with such merger as the Board or the Committee shall deem
necessary to assure that the provisions of Section 15 shall thereafter be
applicable, as nearly as reasonably may be, in relation to the said securities
or property as to which such holder of such Option might thereafter be entitled
to receive thereunder.

          (b) In the event of a merger or consolidation of the Company with or
into another corporation which does not involve Continuity of Control, or of a
sale of

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all or substantially all of the assets of the Company while unexercised Options
remain outstanding under the Plan, (i) subject to the provisions of clauses (ii)
and (iii), after the effective date of such transaction, each holder of an
outstanding Option shall be entitled, upon exercise of such Option, to receive
in lieu of shares of Common Stock, shares of such stock or other securities as
the holders of shares of Common Stock received pursuant to the terms of such
transaction; or (ii) all outstanding Options may be cancelled by the Board or
the Committee as of a date prior to the effective date of any such transaction
and all payroll deductions shall be paid out to the participating employees; or
(iii) all outstanding Options may be cancelled by the Board or the Committee as
of the effective date of any such transaction, provided that notice of such
cancellation shall be given to each holder of an Option, and each holder of an
Option shall have the right to exercise such Option in full based on payroll
deductions then credited to his account as of a date determined by the Board or
the Committee, which date shall not be less than ten (10) days preceding the
effective date of such transaction.

     17.  Amendment of the Plan.  The Board may at any time, and from time to
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time, amend this Plan in any respect, except that (a) if the approval of any
such amendment by the stockholders of the Company is required by Section 423 of
the Code or by Rule 16b-3 under the Exchange Act, such amendment shall not be
effected without such approval, and (b) in no event may any amendment be made
which would cause the Plan to fail to comply with Section 16 of the Exchange Act
and the rules promulgated thereunder, as in effect from time to time, or Section
423 of the Code.

     18.  Insufficient Shares.  In the event that the total number of shares of
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Common Stock specified in elections to be purchased under any Offering plus the
number of shares purchased under previous Offerings under this Plan exceeds the
maximum number of shares issuable under this Plan, the Board or the Committee
will allot the shares then available on a pro rata basis.

     19.  Termination of the Plan.  This Plan may be terminated at any time by
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the Board.  Upon termination of this Plan all amounts in the payroll deduction
accounts of participating employees shall be promptly refunded.

     20.  Governmental Regulations.
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          (a)  The Company's obligation to sell and deliver Common Stock under
this Plan is subject to listing on a national stock exchange or quotation on
Nasdaq and the approval of all governmental authorities required in connection
with the authorization, issuance or sale of such stock.

          (b)  The Plan shall be governed by the laws of the State of Delaware
except to the extent that such law is preempted by federal law.

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          (c)  The Plan is intended to comply with the provisions of Rule 16b-3
promulgated under the Exchange Act.  Any provision inconsistent with such Rule
shall to that extent be inoperative and shall not affect the validity of the
Plan.

     21.  Issuance of Shares.  Shares may be issued upon exercise of an Option
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from authorized but unissued Common Stock, from shares held in the treasury of
the Company, or from any other proper source.

     22.  Notification upon Sale of Shares.  Each employee agrees, by entering
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the Plan, to promptly give the Company notice of any disposition of shares
purchased under the Plan where such disposition occurs within two years after
the date of grant of the Option pursuant to which such shares were purchased.

     23.  Effective Date and Approval of Stockholders.  The Plan shall take
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effect upon the closing of the Company's initial public offering of Common Stock
pursuant to an effective registration statement under the Securities Act of
1933, as amended, subject to approval by the stockholders of the Company as
required by Rule 16b-3 under the Exchange Act and by Section 423 of the Code,
which approval must occur within twelve months of the adoption of the Plan by
the Board.

                            Adopted by the Board of Directors on April 1, 1996

                            Approved by the stockholders on April 1, 1996

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            AMENDMENT NO. 1 TO THE 1996 EMPLOYEE STOCK PURCHASE PLAN
                                       OF
                            SS&C TECHNOLOGIES, INC.

                                October 30, 1996


     The 1996 Employee Stock Purchase Plan (the "Plan") of SS&C Technologies,
Inc. (the "Company") is hereby amended as follows (capitalized terms used herein
and not defined herein shall have the respective meaning ascribed to such terms
in the Plan):


1.   Section 8 of the Plan shall be deleted in its entirety and replaced with
the following:

     "8. Withdrawal of Funds. An employee may on any one occasion during a
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     Plan Period and for any reason withdraw all or part of the balance
     accumulated in the employee's payroll deduction account. Any such
     withdrawal must be effected prior to the close of business on the last day
     of the Plan Period. If the employee withdraws all of such balance, the
     employee shall thereby withdraw from participation in the Offering and may
     not begin participation again during the remainder of the Plan Period. Any
     employee withdrawing all or part of such balance may participate in any
     subsequent Offering in accordance with terms and conditions established by
     the Board or the Committee."


2.   Section 9(a) of the Plan shall be deleted in its entirety and replaced with
the following:

     "(a) On the Offering Commencement Date of each Plan Period, the Company
     will grant to each eligible employee who is then a participant in the Plan
     an option (an "Option") to purchase on the last business day of such Plan
     Period (the "Exercise Date"), at the Option Price hereinafter provided for,
     such number of whole shares of Common Stock of the Company reserved for the
     purposes of the Plan as does not exceed the number of shares determined by
     dividing 15% of such employee's Compensation for the Plan Period (assuming
     no change in compensation during the Plan Period) by the price determined
     in accordance with the formula set forth in the following paragraph but
     using the closing price on the Offering Commencement Date of such Plan
     Period."


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3.   Section 17 of the Plan shall be deleted in its entirety and replaced with
the following:

     "17. Amendment of the Plan.  The Board may at any time, and from time to
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     time, amend this Plan in any respect, except that (a) if the approval of
     any such amendment by the stockholders of the Company is required by
     Section 423 of the Code such amendment shall not be effected without such
     approval, and (b) in no event may any amendment be made which would cause
     the Plan to fail to comply with Section 16 of the Securities Exchange Act
     of 1934, as amended (the "Exchange Act"), and the rules promulgated
     thereunder, as in effect from time to time, or Section 423 of the Code."


Except as aforesaid, the Plan shall remain in full force and effect.

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