As part of a ground breaking agreement Misys and AKJ will take the capabilities of its front office and middleware solutions a significant step further. They will offer organisations the facility to route and execute orders on many different exchanges around the world, avoiding the need to use a third party or hold direct membership.
Under the terms of the agreement, Misys Securities Trading Systems can supply AKJ customers with a FIX compliant interface from either Market Trader or Meridian. These customers will then benefit not only from the market leading Misys functionality but also from the single connection access to markets and brokerages on global exchanges.
The Misys AKJ module provides organizations not only with exchange connectivity but also the advantages of FIX-compliance and straight-through processing. This will give them the lowest cost, most direct access to equities and derivatives in 51 global exchanges, including the London Stock Exchange, NYSE, Euronext and Xetra.
Market Trader is Misysâ flagship front office trading product in Europe and Asia. The system covers trading room data and integration, equity and derivative execution and a platform meeting the needs of every trading floor desk.
The Meridian suite of products offers control of the full lifecycle of the outgoing and incoming message. Full support for ISO 15022 message generation processes are delivered as part of the Toolkit. When the message is created it comes under the control of the Meridian workflow where it can be intelligently routed according to the procedures of the financial institution.
Rudi Pecker, European Operations Director, observed "With many organisations looking for global growth, this relationship with AKJ demonstrates our commitment to provide our clients with comprehensive solutions to meet all their needs now and in the future. We are very excited about this development and look forward to a mutually rewarding relationship."
Anders Kvamme Jensen, CEO of AKJ, said "AKJ ExNet, our proprietary
order routing platform, provides access to 51 equity markets worldwide through one connection and with one back office, and represents an excellent fit with Misysâ platforms. There are no exclusive interest or any trading against a book. The Misys partnership is a truly logical venture of which we are very excited."