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Misys Unveils Latest Version of Flagship Treasury and Capital Markets Solution for Cross-Asset Trading and Risk Management
LONDON, September 9 /PRNewswire/ --
- Misys Summit FT Version 5.3 Grows Asset Class Coverage With
New Equities Trading Platform and Structured Bond Solution
- Risk Management Coverage Reinforced With New Market Risk Limits
Offering
Misys (FTSE: MSY.L), the global application software and services
company, today announced the latest major release of its flagship treasury
and capital markets trading solution. Misys Summit FT V5.3, incorporates
several new major modules including a new solution for equities trading, a
new system dedicated to structured bonds, and also a new market risk limits
offering for extensible business wide risk and compliance monitoring.
In the wake of the credit crunch, many financial institutions are looking
to rationalise systems, but without compromising their ability to model each
asset class in the most accurate and efficient way, and without reducing
their ability to analyse risk, manage large books and process lifecycle
events. At the same time, increasing use of complex instruments such as
convertible bonds, which require equities as an underlying, together with
strong growth in structured bond issuance, has created growing market need to
operate all asset classes in one front-to-back solution. Misys Summit FT V5.3
significantly strengthens Misys' offer in cross-asset transaction processing
and enables firms to achieve these goals of rationalising systems and
managing trade sophistication.
Stephen Bruel, Analyst at TowerGroup states: "Cross-asset-class trading
continues to emerge as a requirement for the buy side and the sell side and
firms require systems to demonstrate five key strengths: flexibility in
structuring new products, configurability to adapt the solution to different
needs, scalability to take new products to market quickly, extensibility to
allow new tables to be created, and processing speed so they can run risk
reports and react quickly to market-moving events."
Dan Cohen, Solutions Manager for Misys Summit FT states: "Our customers
are telling us they want to reduce costs and operational risk, and system
rationalisation can help on both fronts. Up until recently, no one product
has provided a single end-to-end solution across asset classes, causing banks
to adopt a silo-ed approach. This release of Misys Summit FT gives banks an
opportunity to integrate all their asset classes, including equities, without
making any compromise on the depth of functionality in any asset class. This
ultimately helps reduce IT spend and improve risk management."
Major new offerings within Misys Summit FT V5.3 include:
A new end to end solution for cash & equity derivatives - Misys has
created a new equities platform to provide extended coverage for trading and
effectively managing equity cash and equity derivatives. Front to back
coverage includes pre-deal checks, real-time positions, portfolio management,
pricing, risk analysis, confirmation, settlements, corporate actions,
valuation and accounting. Moreover, by leveraging Misys' premium structured
trading tool, Misys Summit MUST, banks using the solution can create and
process all variants of structured equity derivatives that are growing in
popularity.
A new module for structured bonds - As many banks are issuing structured
bonds to raise funding in a flooded market, there is a need to fully support
structured bonds including structuring, issuing, investing, position-keeping,
hedging, swapping, credit, and auditing. The new structured bonds module
leverages Misys Summit MUST's technology and has been developed in
cooperation with KfW, the German banking group, to enable the processing of
structured bonds in the same manner as any standard bond. The new module
provides enhanced position management, call processing, capital gains, yield
calculations, accounting and theoretical valuation.
Market risk limits
To help with the volatility, high volumes and huge risks associated with
today's financial markets, Version 5.3 includes a new market risk limits
monitoring solution with limit breach notifications and dashboards covering
P&L, portfolio or trade sensitivity to risk factors, trader daily volume and
many more. Instant notifications through emails, SMS and desktop alerts get
information to the right people at the right time, providing an environment
of protection and regulatory compliance.
Misys Solutions for Treasury & Capital Markets has 18 years of market
experience and unrivalled software development expertise. It creates
integrated, comprehensive solutions for financial institutions to manage
their capital market activities across multiple asset classes.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys is a market leader, serving more than 110,000 physicians in
18,000 practice locations and 600 home care providers. Misys employs around
4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact:
Stephen White
Misys Solutions for Treasury & Capital Markets
+44(0)203-320-5593
stephen.white@misys.com






