Nearly 1,000 readers of Banking Technology responded to its survey into the best solutions in several areas of the financial services sector. Misys Confirmation Matching Service (CMS), the multi-bank, multi-instrument post-trade solution, won the Readers' Choice for the "Best Trade Processing Product".
Misys Confirmation Matching Service is a fully-integrated solution for automated matching of trade confirmations. It facilitates the confirmation process between SWIFT and non-SWIFT counterparties and offers them a broad portfolio of post-trade services. More than 900 banks, fund managers and corporations across the globe rely on Misys CMS for their confirmation, netting and settlement needs. This allows them to increase efficiencies and reduce risk without having to allocate expensive human or IT resources to it.
Neil Macro, Global Head of Sales for the Misys solution, comments: "This is the third time in four years that we have won this award, which is a great accolade for our team. It underlines the benefits that our service gives our customers over and above our competitors' offerings. We look forward to the next year as we continue to innovate and add further value to our clients."
With Misys Confirmation Matching Service, confirmations can be matched or errors identified for follow-up for nearly any treasury or capital markets instrument, often in less than five minutes, immediately reducing the window of risk. The service requires no upfront investment in infrastructure or implementation and allows clients to concentrate their resources on their business while Misys acts as a trusted third party to match confirmations and handle other crucial post-trade transactions.