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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Misys | LSE:MSY | London | Ordinary Share | GB00B45TWN62 | ORD 1 1/7P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 349.70 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LONDON, October 15, 2012 /PRNewswire/ --
New functionality in the cross-asset front-to-back treasury and capital markets system supports central clearing, margin management and OIS discounting
Misys, the global leader in treasury and capital markets solutions, announced today the release of Summit FT Version 5.6, which enables capital markets firms to quickly adapt their operations to accommodate the growing volumes of OTC trades being centrally cleared, and to meet the latest requirements of both Dodd-Frank and EMIR. Ongoing and frequent announcements to these regulations, such as the recent swap definitions and the change to the methodology of pricing interest rate derivatives (OIS), requires adaptable technology. Summit FT Version 5.6 supports these new requirements, improves automation and regulatory reporting and has been built with the flexibility to handle new regulations as they are defined.
"The problem organisations are facing is the challenge to implement a multitude of changes quickly to meet the vast array of regulatory requirements. The new version of Summit FT provides a comprehensive central clearing framework that simplifies this process," said, Samer Ballouk, Solution Director for Summit FT at Misys. "With SEFs to be appointed and legal entity identifiers to be decided by the end of 2012, European and Asia regulations following Dodd-Frank, the flexible framework of Summit FT's trade repository and interfaces to central clearers ensures that customers are ready to meet existing and future requirements as they evolve."
Virginie O'Shea, analyst at AITE Group, adds, "We are seeing a huge amount of focus and investment into the area of regulatory compliance, with Dodd-Frank deadlines being a high priority. Each month more elements are being agreed, but with very tight deadlines for systems to comply and many knock-on effects of the subsequently released regulations, financial organizations are operating in a tough environment where some short term fixes may need to be considered. Being able to partner with vendors that can offer the flexibility to meet future regulatory requirements in such a fast-changing environment is key as new market infrastructures are created and regulations continue to evolve."
New features of Summit FT support the new swap definitions, OIS pricing, increased collateralisation of trades and connectivity to central clearers and reporting:
A whitepaper that discusses the latest developments in the Dodd-Frank regulation, including swap definitions and proposed Swap Execution Facilities (SEFs) will be available shortly on http://www.misys.com or contact tcm.marketing@misys.com to reserve a copy.
About Misys
Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, treasury, trading and risk solutions available on the market. With 1,800 customers in 120 countries our team of domain experts and partners have an unparalleled ability to address industry requirements at both a global and local level.
Misys was formed by the merger of Misys with Turaz. Combined they are able to address all customer requirements across both the banking and trading book businesses. Misys is the trusted partner that financial services organisations turn to for help solving their most complex problems.
Find out more at http://www.misys.com
For further information please contact:
Edward Taylor
Global Head of Public Relations, Misys
+44(0)20-3320-5530
edward.taylor@misys.com
Caitlin Mitchell
Cognito for Misys
+1-646-935-6300
misys@cognitomedia.com
Copyright 2012 PR Newswire
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