Misys plc (LSE: MSY), the global application software and services company, today announces that it has come first in the annual Structured Products Technology Rankings.
Misys was named overall top vendor in the survey of the world's leading financial institutions that create and trade cutting-edge financial products. The study recognises the key vendors and solutions in the sector and highlights the technology of choice for these institutions, Misys Summit FT.
The categories in the survey covered all asset classes, pricing and analytics, risk management, regulatory, limits and collateral management. The solution from Misys came top in the categories for Trading Systems for Interest Rates and Best Overall Limits Management Solution. It was also awarded top 3 places in nearly every category in the study.
Summit's structured products module, known as Summit MUST, is the market-leading structured products solution that enables structured products to be created from any combination of OTC instruments and securities, without custom programming, using the same core system and workflow, documentation and risk routines as flow trades. With the current focus on risk control and regulation, the solution provides greater flexibility, control and reporting than spreadsheet or rigid in-house systems. Important aspects of the solution that help to manage risk include collateral management, flexible valuation and accounting, which are all parts of the front-to-back process in Misys Summit FT.
Dan Cohen, Solution Director, Misys Summit comments: "We are thrilled to have come first in these awards. Thank you to all our customers who voted for us. Summit FT is the ultimate solution for structured products modelling, trading, position keeping and accounting in a proven, fully secured and multi-asset class integrated environment. It's even more relevant today, with its enhanced risk management and valuations capabilities. For valuations, we partner with Numerix, and clients can also plug their own models or use off-the-shelf valuation models developed by Misys. This flexibility enables users to manage their Model Risk, a key advantage in today's markets."