Misys expands alliance with Japan's NS Solutions

Source: Misys

The world's leading post-trade confirmation matching service is to be made widely available to the Japanese market as a result of an extended alliance between Misys (FTSE: MSY.L), the global application software and services company, and NS Solutions Corp (TYO: 2327), a subsidiary of Nippon Steel, which provides business systems solutions and IT infrastructure solutions.

NS Solutions Corp (NSSOL) will promote and market Misys Confirmation Matching Service (Misys CMS) in Japan, a solution used by more than 800 corporations and banks globally to match confirmations of trades between corporations and their bank counterparties. As part of the agreement, NSSOL will also provide customer service and support to optimise the efficiencies and risk improvements firms experience from adopting the solution.

Japan is one of the largest foreign exchange markets in the world with over 6% of global FX transacted on a daily basis and the new agreement has already resulted in one securities firm adopting the solution. Misys CMS already has 50 customers in Japan, including 25 domestic and international financial institutions and 25 leading corporations and asset management companies. In addition to expanding the customer base, NSSOL will also support the existing client base though their renowned customer service unit.

Ed Ho, Executive Vice President in Misys Solutions for Treasury & Capital Markets business comments: "Expanding our relationship with NSSOL will yield significant benefits for firms in Japan looking to improve straight through processing and risk management in treasury trades. This alliance improves the access to and support for Misys CMS and also shows Misys is delivering on its strategy to create valuable partnerships focused on delivering business-oriented IT solutions."

Misys and NSSOL have enjoyed a successful partnership for over 10 years, with the Japanese solutions firm acting as a reseller of Misys trading systems in the country. Specifically, NSSOL has helped Japanese banks to deploy Misys' flagship treasury and capital markets solutions, Misys Summit, which enables financial institutions to create seamless processing and risk management across a range of asset classes across front, middle and back office operations.

Misys CMS is the global leader in post trade confirmation processing in the treasury and capital markets. Misys Solutions for Treasury & Capital Markets has 18 years of capital markets experience and unrivalled software development expertise. It creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.

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