Nearly 2,000 readers of Banking Technology responded to its survey into the best solutions in several areas of the financial services sector. For the fourth time since 2007, Misys Confirmation Matching Service (CMS), the multi-bank, multi-instrument post-trade solution, has won the Banking Technology Readers' Choice Award.
Misys CMS 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. The interbank matching module auto matches bank to bank trading activity. More than 985 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 operational risk without having to allocate expensive human or IT resources to it. The service also provides an enabling link to Custodians and CLS Correspondents for notification of trading activity.
Neil Macro, Global Sales Director for the Misys solution, comments: "I am delighted to see Misys CMS once again honoured at these awards. We are dedicated to providing our customers with a multi-bank post trade confirmation matching service covering the broadest range of treasury and capital markets asset classes. It is particularly powerful knowing that the readers themselves voted for us in this category and underlines the leadership we have in this space and the high-value, quality service we provide to them."
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.