The new deal will see the integration of the NumeriX 6 pricing and risk analytics solution within Misysâ leading treasury and capital markets solutions - Misys Summit and Misys Opics Plus - and will benefit traders and structurers by giving them improved pricing capabilities for exotic derivatives and structured trades.
The enhanced independent pricing and risk information for structured products and exotic OTC derivatives will improve front-to-back integration across both solutions, enabling users to quickly and accurately calculate prices for popular structured products across a wide variety of asset classes, such as interest-rate, equities, and foreign exchange. Alongside decision-making and risk management situations, these advanced pricing models are also being used in other functions, such as reporting and accounting.
âFast and efficient access to the best market analytics is what leading financial institutions expect. As a part of our strategy, we are working with market-leading providers to complement our solutions and add value for our clients,â said Tim Goodhind, business development director, Misys Treasury & Capital Markets. âBy integrating NumeriX analytics and mapping to their flexible deal definition âscriptingâ language, we have dramatically expanded the range of models and instruments available to our clients which will enable them to bring new products to market more rapidly.â
The latest deal to extend the partnership will give financial institutions seamless access to critical information directly from Misys Summit and Misys Opics Plus. The integration of NumeriX 6 and Misys Summit will create a ready-to-use interface for traders that can handle customized mapping, providing Summit users with the option to plug their own models or use models developed by Misys. The new solution will be launched in the first quarter of 2008.â
Misys Opics Plus - which introduced NumeriX pricing capability for retail structured products in mid 2006 - will now support more asset classes and sophisticated structures, providing users with further flexibility. Across both solutions, a number of new products will be covered including PRDC, TARN, Range Accrual, and Callable Snowball.
âThe integration of NumeriX analytics into trading environment of Misys Summit will enable us to optimally price and capture our structured products portfolios, allowing us to expand our usage of such products with confidence and accuracy,â said Torsten Simon, Vice President IT, KFW Banking Group â a Misys customer.
âThis expansion of our relationship with Misys was a natural evolution for us because our technologies have been proven to work effectively and deliver enhanced value to our customers,â said Steven R. OâHanlon, President and COO of NumeriX. âNumeriXâs analytics are the lifeblood of all financial systems. Having access to off-the-shelf market standard analytics within your pricing and valuation system empowers the user to be a leader, not a follower, in the delivery of or investment in the most profitable of the structured products transactions.â
Misys Treasury & Capital Markets is a business unit of Misys PLC. It creates integrated, comprehensive solutions for financial institutions and corporate treasury departments across the globe, enabling them to manage their capital market activities across multiple asset classes.