LONDON, January 6, 2011 /PRNewswire-FirstCall/ -- Misys plc (LSE: MSY), the global application software and services company, today announces that it has once again been ranked top provider for trading systems in the areas of Inflation and Rates. The Annual Technology Rankings were published in the December 2010 edition of Risk Magazine.
Risk polled thousands of banks, hedge funds, pension funds and insurance companies for this year's technology rankings, and received 2,036 valid responses. Respondents were asked to vote for the technology vendors that provide the best product offering across a number of categories, including enterprise risk management, risk capital calculation, front- to back-office trading systems, and pricing and analytics. Only technology end users were allowed to vote and participants were asked to base their votes on functionality, usability, performance, return on investment and reliability.
"We are thrilled with the results of the rankings," states Dan Cohen, Solution Director, Misys Summit. "With the current regulatory reforms and market practice changes for derivatives it is important for banks to partner with vendors that have deep market experience and top quality solutions. Our interest rate and inflation capabilities are second to none, having brought benefits to our customers across the globe for more than 20 years. These accolades show once again that Summit is the recognised market leader in the major segment of Interest Rates, which is by far the largest asset class across all Derivatives and also the leader for Inflation, a complex and growing segment."
Misys Summit can handle structures involving any asset class, including inflation and rates, but also credit, FX, equities and commodities. The solution offers the ability to process and manage risk of all Derivatives, both OTC and listed, providing banks with the competitive edge they need both now and in the future.
About Misys plc
Misys plc (LSE: MSY), 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 in banking and treasury & capital markets, with over 1,200 customers, including all of the world's top 50 banks. Misys employs around 3,500 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 financial services industry throughout 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 [email protected] Sebastian Mathews Financial Dynamics +44(0)207-269-7158 [email protected]
SOURCE Misys plc