The MERS will feature an enhanced online emissions reporting system with the ability to generate comprehensive emissions reports, a robust verification module, the support of both mandatory and emissions reporting and high levels of flexibility, navigation and ease-of-use.

In December 2009, MOSS attended the United Nations Climate Change Conference to highlight the importance of establishing standards for emissions reporting and trading. After months of development, the MOSS team are excited to release MERS as a global standard for registry applications, building upon Misys's reputation as a global supplier of technology solutions of trading and banking markets.

Markit, will offer MERS and the Misys Environmental Trading Platform ("METP") as premium services on its environmental platform.

Niall Cameron, Executive Vice President at Markit, said: "By working jointly with Misys, our aim is to support our clients in their efforts to implement their greenhouse gases emissions management and reporting policies."

"Our aim is to deliver a world-class environmental trading system to help organizations manage their greenhouse gas ("GHG") emissions", said Bob Barthelmes, Executive Vice President & General Manager of Misys Open Source Solutions. "Markit is the ideal partner to assist us in our go-to-market strategy and we look forward to working with them in shaping this market."

In October 2009, Misys unveiled an environmental trading platform for UK organisations and prior to that announced a partnership with leading emissions reporting organization The Climate Registry to build MERS, the next generation of online emissions reporting.