Misys Summit MUST came top in the category for Trading Systems - Interest Rates. Meanwhile Sophis came top in Equities for both the Pricing & Analytics and the Trading Systems categories. Both Misys and Sophis were also awarded top three places in a number of other categories, demonstrating broad buy-side and sell-side coverage.
The high rankings gained by Misys demonstrate the complementary capabilities of the solutions developed by Misys and Sophis and underline the rationale for the acquisition of Sophis in March 2011.
Ed Ho, EVP and General Manager, Misys Treasury & Capital Markets, comments: âThe successes of Misys and Sophis in these rankings are a great recognition of the product sets in both companies, but more importantly, are a great demonstration of the complementary nature of the two companies. Now with 500 capital markets customers globally and 1,800 domain specialists, Misys has a cross-asset capability second-to-none that spans the capital markets space.â
All asset classes were included in the categories, evaluating capabilities in pricing and analytics, risk management, regulatory, limits and collateral management. The rankings recognise the key vendors and solutions in the capital markets industry and highlight the technologies of choice for financial institutions.
Summit MUST 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. 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.
The combination of Sophis VALUE for the buy-side and Sophis RISQUE for the sell-side made a winning combination in the rankings. VALUE is a cross-asset portfolio and risk management solution dedicated to the buy-side, covering the whole STP process: investment management, risk management, middle/back office and accounting. It combines sell-side level financial and technological capabilities with the user-friendliness, connectivity and ease of implementation required by the buy-side. RISQUE allows the portfolio to be analysed from as many angles as the trader chooses, from the most vanilla of flow business to the most advanced reaches of the OTC market. RISQUE is used by more than a third of the worldâs top 25 banks.