New platform renovates banks’ infrastructures without needing to replace systems
Misys has unveiled its new trading systems offering, named Misys Capital Markets Fusion. This new agile platform protects and extends a bank’s existing technology infrastructure. The platform acts as a catalyst for business collaboration by bridging systems and increasing cross-business and cross-asset trading efficiencies.
Investment banks are often faced with multiple systems across their business lines while having to tackle consolidation and lower cost of ownership in the back office against an increasing regulation and risk burden. Misys Capital Markets Fusion solves the key challenges faced by banks by opening up any trading system to enable them to have a truly cross-business view of positions, P&L, risk and compliance and all back-office processing.
Misys Capital Markets Fusion provides a completely new approach that bridges the silos in financial institutions and provides a business-wide horizontal layer that delivers global position management and collaboration across trading desks and consistent pricing and hedging across the business. Individual elements within the platform can quickly be integrated with any system without the need to ‘rip and replace’ them. This incremental, manageable approach to systems enhancement and growth provides a fast return on investment.
“In today’s agile trading environment, all separately-run trading systems within a bank need to be automated across assets and across department workflows,” comments Joerg Heidtmann, Head of Capital Markets Product Management at Misys. “You have to have consistency in valuation, market data consumption and simulation and hedging, otherwise you will be basing your hedging strategy on inconsistent market data and figures coming from different pricing mechanisms and curves. Capital Markets Fusion is a complete environment for trading that provides a clear view of cross-asset trading while offering a stable platform for trading innovation and growth. It also provides aggregated pre-deal information in real time, which is essential to remain competitive in today’s trading environment.”
The new offering from Misys was launched to more than 400 delegates at the Misys European Market Forum, where customers were shown how it adds additional functionality and value to banks’ trading systems. Banks can select best-of-breed services or ‘components’ that deliver precise, focused functionality that add immediate value to existing platforms across trading systems, business lines and global locations. Banks are provided with a common technology stack that supports the integration of solutions from other vendors as well as Misys. This approach solves the ‘best-of-breed’ dilemma that prevails in many banks and de-risks the bank’s longer term IT strategy and technology roadmap.
The platform also comprises a fast growing suite of innovative software components that leverage and enrich existing Misys products adding functionality and value, as well as a graphical user experience that works across existing front-office systems and provides traders with workflow tools across asset classes and businesses. These components, in areas such as compliance, position management, pricing, collateral optimisation and structuring, will be available as part of the Capital Markets Fusion portfolio, adding value to existing trading systems, whether built in-house or licensed from third party software providers.