Misys Excels as Top Vendor in Structured Products Technology Rankings With Misys Summit FT

Jun 15, 2010, 02:58 ET from Misys plc

LONDON, June 15, 2010 /PRNewswire-FirstCall/ --

- Latest in a String of Awards for the Innovative Solutions From Misys

Misys plc (LSE: MSY), the global application software and services company, today announces that it has come first in the annual Structured Products Technology Rankings.

Misys was named overall top vendor in the survey of the world's leading financial institutions that create and trade cutting-edge financial products. The study recognises the key vendors and solutions in the sector and highlights the technology of choice for these institutions, Misys Summit FT.

The categories in the survey covered all asset classes, pricing and analytics, risk management, regulatory, limits and collateral management. The solution from Misys came top in the categories for Trading Systems for Interest Rates and Best Overall Limits Management Solution. It was also awarded top 3 places in nearly every category in the study.

Summit's structured products module, known as Summit MUST, is the market-leading structured products solution that enables structured products to be created from any combination of OTC instruments and securities, without custom programming, using the same core system and workflow, documentation and risk routines as flow trades. With the current focus on risk control and regulation, the solution provides greater flexibility, control and reporting than spreadsheet or rigid in-house systems. Important aspects of the solution that help to manage risk include collateral management, flexible valuation and accounting, which are all parts of the front-to-back process in Misys Summit FT.

Dan Cohen, Solution Director, Misys Summit comments: "We are thrilled to have come first in these awards. Thank you to all our customers who voted for us. Summit FT is the ultimate solution for structured products modelling, trading, position keeping and accounting in a proven, fully secured and multi-asset class integrated environment. It's even more relevant today, with its enhanced risk management and valuations capabilities. For valuations, we partner with Numerix, and clients can also plug their own models or use off-the-shelf valuation models developed by Misys. This flexibility enables users to manage their Model Risk, a key advantage in today's markets."

About Misys plc

Misys plc (LSE: MSY), 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 plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 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

    Edward Taylor
    Global Head of Public Relations
    Misys
    Solutions for Banking and Treasury & Capital Markets
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    sebastian.mathews@fd.com

SOURCE Misys plc