Meridian is Misysâ financial middleware application, already licensed by more than 300 financial institutions to deliver enhanced STP. In conjunction with the FIX adaptor connectivity Meridian can be used for intelligent routing of orders for execution globally and for mapping between different interpretations of the FIX standard. Meridian is deployed by all Misys Banking & Securities companies as the integration middleware of choice. With FIX connectivity now integrated with Meridian, all the Misys products within the Banking and Securities division can benefit from off-the-shelf FIX capability. Use of this application opens up the breadth of international investment services that organisations can offer to customers.
The Meridian FIX adaptor is already being installed in one client site who are existing customers of Misys International Banking Systems. This product will enable the bank to significantly enhance their securities trading infrastructure. Their customers will benefit from an increased international securities trading service whilst at the same time the high level of automation enabled by Meridian will dramatically reduce their cost of trading.
Frank Walter, CEO of Misys Securities Trading Systems observed that, "With this self-funded development, we are responding to the market shift away from using third party suppliers for FIX engines. Now our existing and future clients can open up their business across the Banking and Securities spectrum while dealing with just the one supplier - already proven experts in the industry."