Misys Banking Systems, a global leader in banking software and solutions, and DataSynapse Inc. have signed a new partnership agreement to grid-enable the Misys treasury and capital markets solution, Misys Summit FT, with DataSynapse’s GridServer®.
Misys and DataSynapse have a proven track record of working closely with clients to grid-enable applications – this partnership further expands capability to provide an “out-of-the box” solution. The partnership will enable Misys Summit FT users to grid their applications and realise the immediate benefits of grid computing that result from the fastest possible answers to calculations on high volumes of complex calculations. The ability to speed up compute-intense and end of day calculations will be possible to ensure and deliver more timely data for crucial risk analysis.
As the size, frequency and complexity of large volume trades has increased and real-time applications are adopted, the need for faster responses to complex risk calculations, including theoretical prices and portfolio analytics, has become more critical. The grid enabled version of Misys Summit FT answers this need, allowing significant scalability in a bank’s trading volumes, maximising the network’s idle capacity to maintain constant response times, even during times of above-average heavy trading.
"In addition to faster responses to calculations, our clients will also benefit from hardware savings and reliable scalability," commented Donal McGranaghan, head of development, Treasury & Capital Markets, Misys Banking Systems. "With DataSynapse, we are developing industry-leading cross-asset solutions that give our customers the best possible infrastructure for dealing with high-volume and complex trades. We have developed excellent front-end and real-time products and now our customers will be able to benefit from the most sophisticated and adaptive grid applications on the market."
Tim Goodhind, business development director, Treasury & Capital Markets, Misys Banking Systems, adds, "Our goal is to provide Misys customers with a business advantage and our deep integration with DataSynapse GridServer Platform provides this through a combination of Misys Summit FT’s best of breed trading and risk management functionality supported by market leading infrastructure."
On behalf of DataSynapse, Rick Moran, SVP business development added, "Our relationship with Misys has always been symbiotically beneficial and we’re delighted to be chosen as their key partner in grid technology. We feel that our own expertise in this field, combined with Misys’ capabilities in banking technology, is an excellent partnership that will offer customers the optimum solutions to continually evolving needs of traders today."