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Misys showcases complex options and risk modules

02 May 2007  |  1056 views  |  0 Source: Misys

New complex options coverage and enhanced risk management for banks will be unveiled by Misys at this year's ACI World Congress in Montreal, Canada to coincide with the latest release of Misys Opics Plus, the company's trademark back office solution.

The new complex options and real-time risk modules build on the core treasury and operational strength of the solution and deliver significant business benefit to financial institutions looking to expand their trading potential and cut their risk profiles. Moreover, the launch of Misys Opics Plus V2.0 sees a range of enhancements to strengthen support for banking businesses, and lower TCO through improved implementation rates, faster processing and increased efficiency.

Built on more than a decade's worth of experience, Misys Opics Plus is the only .NET solution in the treasury market with design validation from Microsoft. In a single system, it can handle vanilla and complex derivatives, fixed income, and equity and treasury trades, giving banks greater performance, scalability, flexibility and extra functionality. With Misys Opics v2.0, there is additional coverage for several previously unavailable instrument types including Net Swaps, Fixed Income including MBS, CDS processing and Retail Structured Products. Its new workflow management tool, Behavior Manager also makes the solution highly customizable to individual business processes.

Financial professionals attending the Congress will have the opportunity to see new modules for Complex Options and Opics Risk Plus for the first time.

Complex Options

The Complex Options module includes coverage for over 175 complex options from FX, Fixed Income and Equity to Commodity OTCs. A new multi-action user interface improves the experience for exotics traders by covering deal entry, verification, reversal, and inquiry and transaction history on one easy to use screen. This design provides faster trade entry and at-a-glance position management.

As an operational enhancement, users also now have the ability to generate an MT306 SWIFT message for exotic options and there are plans to extend Opics Plus' capability in the areas of additional complex products later this year.

Real-Time VaR Risk Management Module

Misys has made major improvements to its risk management component in Misys Opics Plus to deliver faster processing and enhancements to real-time VaR. Moreover, the launch of Misys Opics Risk Plus marks the first time a risk management module has been migrated to the .NET framework of Opics Plus and this solution now runs as a fully integrated component of Misys Opics Plus.

Stress testing and scenario analysis has also been upgraded using the new advanced scenario /sensitivities analysis functionality and users will benefit from closer integration with external systems and boosted graphics and reporting capabilities.

"This is a highly significant launch," comments David Stewart, Misys Opics Plus Product Manager. "At this time, Misys Opics solutions are used by many of the world's top financial institutions, and because of the capacity for new instrument coverage, along with the new support for complex options and risk customers, major players are showing interest in this new solution."

The latest Misys Opics Plus solutions can be seen at stand S1/S2 at the ACI World Congress in Montreal a major exhibition attended by global banks in the FX arena 3-5 May 2007.

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