LONDON, April 7, 2011 /PRNewswire-FirstCall/ --
- Latest in a String of Awards for the Innovative Solutions From Misys
Misys plc (FTSE: MSY.L), the global application software and services company, today announces that it has come first in three categories in the annual Structured Products Technology Rankings. The company has scored impressive results in the rankings overall, strengthened by the newly-acquired Sophis solutions.
Misys Summit MUST came top in the category for Trading Systems - Interest Rates. Meanwhile Sophis came top in Equities for both the Pricing & Analytics and the Trading Systems categories. Both Misys and Sophis were also awarded top three places in a number of other categories, demonstrating broad buy-side and sell-side coverage.
The high rankings gained by Misys demonstrate the complementary capabilities of the solutions developed by Misys and Sophis and underline the rationale for the acquisition of Sophis in March 2011.
Ed Ho, EVP and General Manager, Misys Treasury & Capital Markets, comments: "The successes of Misys and Sophis in these rankings are a great recognition of the product sets in both companies, but more importantly, are a great demonstration of the complementary nature of the two companies. Now with 500 capital markets customers globally and 1,800 domain specialists, Misys has a cross-asset capability second-to-none that spans the capital markets space."
All asset classes were included in the categories, evaluating capabilities in pricing and analytics, risk management, regulatory, limits and collateral management. The rankings recognise the key vendors and solutions in the capital markets industry and highlight the technologies of choice for financial institutions.
Summit MUST 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. 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.
The combination of Sophis VALUE for the buy-side and Sophis RISQUE for the sell-side made a winning combination in the rankings. VALUE is a cross-asset portfolio and risk management solution dedicated to the buy-side, covering the whole STP process: investment management, risk management, middle/back office and accounting. It combines sell-side level financial and technological capabilities with the user-friendliness, connectivity and ease of implementation required by the buy-side. RISQUE allows the portfolio to be analysed from as many angles as the trader chooses, from the most vanilla of flow business to the most advanced reaches of the OTC market. RISQUE is used by more than a third of the world's top 25 banks.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to financial services organisations. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
Misys is a market leader with over 1,300 customers, including all of the world's top 50 banks. Misys employs approximately 4,000 people and works with over 100 partners globally 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. Working with our extensive partner network, together we create compelling solutions enabling our customers to differentiate themselves and drive a competitive edge.
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 +44(0)20-3320-5530 [email protected] Sebastian Mathews Financial Dynamics +44(0)207-269-7158 [email protected]
SOURCE Misys plc