Misys Excels as Top Vendor in Structured Products Technology Rankings With Misys Summit FT
- Latest in a String of Awards for the Innovative Solutions From Misys
Misys plc (LSE: MSY), the global application software and servicescompany, today announces that it has come first in the annual StructuredProducts Technology Rankings.
Misys was named overall top vendor in the survey of the world's leadingfinancial institutions that create and trade cutting-edge financial products.The study recognises the key vendors and solutions in the sector andhighlights the technology of choice for these institutions, Misys Summit FT.
The categories in the survey covered all asset classes, pricing andanalytics, risk management, regulatory, limits and collateral management. Thesolution from Misys came top in the categories for Trading Systems forInterest Rates and Best Overall Limits Management Solution. It was alsoawarded top 3 places in nearly every category in the study.
Summit's structured products module, known as Summit MUST, is themarket-leading structured products solution that enables structured productsto be created from any combination of OTC instruments and securities, withoutcustom programming, using the same core system and workflow, documentationand risk routines as flow trades. With the current focus on risk control andregulation, the solution provides greater flexibility, control and reportingthan spreadsheet or rigid in-house systems. Important aspects of the solutionthat help to manage risk include collateral management, flexible valuationand accounting, which are all parts of the front-to-back process in MisysSummit FT.
Dan Cohen, Solution Director, Misys Summit comments: "We are thrilled tohave come first in these awards. Thank you to all our customers who voted forus. Summit FT is the ultimate solution for structured products modelling,trading, position keeping and accounting in a proven, fully secured andmulti-asset class integrated environment. It's even more relevant today, withits enhanced risk management and valuations capabilities. For valuations, wepartner with Numerix, and clients can also plug their own models or useoff-the-shelf valuation models developed by Misys. This flexibility enablesusers to manage their Model Risk, a key advantage in today's markets."
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions thatdeliver significant results to organisations in the financial services andhealthcare industries. We maximise value for our customers by combining ourdeep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, withover 1,200 customers, including all of the world's top 50 banks. Inhealthcare, Misys plc owns a controlling stake in NASDAQ-listedAllscripts-Misys Healthcare Solutions, Inc, a clear leader in the provisionof healthcare technology, serving more than 150,000 physicians, 700 hospitalsand nearly 7,000 post-acute and homecare organisations. Misys employs around6,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and servicescompany, 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 email@example.com Sebastian Mathews Financial Dynamics +44(0)207-269-7158 firstname.lastname@example.org
SOURCE Misys plc
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