Misys Securities Trading Systems (Misys) has released two new products for the back office - exception management tool STP Tracker and netting solution Net Engine.
Net Engine supports automatic central counter party netting across multiple settlement systems while the STP Tracker tool gathers, routes and processes exceptions, allowing for straight-through processing (STP) to take place without vertical business or system contraints.
Both applications utilise Oracle database technology and are available as stand-alone solutions which can be integrated with the vendor's back office solutions, existing internal systems, or any third party application.
Rudi Pecker, European operations director, Misys, says the products seek to automate business areas which have been typically viewed by market participants as back office cost centres: "The Misys solutions provide them with an enterprise wide view of their business, which will help organisations maximise their return on investment and deliver quantifiable results."
Misys says both products have already been installed at customer sites.