LONDON - Post-trade Matching of Precious Metals Extended Across all Metal Trade Transactions
Misys plc (FTSE: MSY.L), the global application software and services company, today announces it has extended its Confirmation Matching Service to cover the additional asset class of base metals within its Metals Suite. This extended capability within Misys world-leading matching engine brings more benefits to customers performing any metal trade.
SWIFT has recently expanded its MT600 series messages to incorporate base as well as precious metals transactions. With this enhancement to the Misys service, both bank and corporate users of Misys Confirmation Matching Service Metals Suite are able to have all metal trade transactions automatically matched via a single secure and reliable portal. This brings more visibility and better control across the lifecycle of the metal trades.
“This step is the latest in a long line of market-led enhancements to the service and will provide our customers even more value from our solution,” comments Gil Bray, Solutions Director, Misys Confirmation Matching Service. “We have more than 950 customers who all put their trust in our service for confirmation, netting and settlement needs around the world. We are confident that the extension of our metals capability to take in the whole Metals Suite will bring even more value to them in terms of automation, enhanced straight-through processing and more reporting flexibility. Ultimately, this will make their businesses more efficient with faster processing and settlement times, fewer errors, leading an increase in margins.”
The increased automation which the new Metals Suite brings users will lower risk and the flexibility within the treasury portal allows them to be prepared for future volume changes while keeping costs to a minimum. Any MT 600 series messages that are generated by both counterparties in a trade are automatically matched using the Metals Suite service from Misys. The result is that customers can instantly see the matching results of all deals, significantly reducing operational risk associated with manual processing.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world’s top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.
We aspire to be the world’s best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, results Contact us today, visit: www.misys.com For further information please contact Edward Taylor Global Head of Public Relations Misys Solutions for Banking Solutions for Treasury & Capital Markets +44(0)20-3320-5530 edward.taylor@misys.com Sebastian Mathews Financial Dynamics +44(0)207-269-7158 sebastian.mathews@fd.com
Source: Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys, Solutions for Banking, Solutions for Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor at misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews at fd.com
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