Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Misys Treasury Plus has been rebranded as Misys Confirmation Matching Service (Misys CMS).
The change takes effect with version 1.7 of the application, which has gone live today in more than 800 of the world's largest corporates and financial institutions.
This re-branding more clearly represents the solution's key functionality: matching trade confirmations, and Misys is continuing to expand the matching capability for customers with a focus on automating a widening range of post-trade activity.
Today's new release introduces a number of enhancements:
- Redesigned Standing Settlement Instructions summary screen, allowing users to customize and simplify views
- Multi-DK and multi-cancel functionality to improve efficiency
- Ability to run reports and view billing details for OTC, Commodities and Universal Trade Confirmation (UTC) activities
- Daily Trade Status Report (DTSR), Any Day DTSR and Detail Reports now available in Standard Reports module
Misys CMS also offers a variety of post-trade services including netting, standing settlement instructions and 3rd party notifications, meaning that customers automate multiple activities on a single platform. With a single window to the broadest spectrum of treasury and capital markets instruments and counterparties available from any service in the marketplace today, Misys CMS customers can improve efficiency and reduce costs by consolidating all of their confirmation matching needs onto one consistent service.
Gilmore Bray, Global Head of Product and Business Development for Misys Global Managed Services, comments: "Re-branding to Misys Confirmation Matching Service better reflects the solution where confirmation processing is our core competency. With this latest version, we feel we are offering the widest range of instrument coverage, the broadest counterparty base and an unmatched breadth of post-trade services in this market."
The solution operates in a Software-as-a-Service (SaaS) environment, which allows Misys customers to enjoy free, seamless upgrades to the latest versirsion running on the Misys internet portal. Each new version of Misys CMS delivers a range of up-to-date solutions for the latest client needs. The breadth, depth and flexibility of Misys Confirmation Matching Service functionality allow clients to customize the solution to meet their unique technology and operational requirements.
In the last year, Misys has launched new confirmation matching modules for OTC Derivatives and Commodities to respond to the establishment of relatively new markets such as carbon trading. Innovative new features have also been added, such as the new Instrument Wizard, which allows Misys the unprecedented ability to adapt the confirmation matching functionality to nearly any capital markets instrument.