Misys Treasury Plus voted ‘Best Trade Processing Solution’ in European Banking Technology Readers’ Choice Awards

26 November 2007 – Misys (FTSE: MSY.L), the global application software and services company, was awarded ‘Best Trade Processing solution’ for its innovative web-based trade processing solution, Misys Treasury Plus, at the inaugural European Banking Technology Readers’ Choice Awards dinner in London on 22 November 2007.

This year, for the first time, Banking Technology’s readers were asked to vote on what they consider to be the best solutions in a range of categories. Voting through a web-based system, almost 1,000 votes were cast, with Misys shortlisted in two categories. In the end, Misys Treasury Plus, a leading post-trade confirmation-matching service used by more than 800 banks, fund managers, and corporations globally to match and settle trades, was announced as a Readers’ Choice winner.

Neil Macro, Head of Sales EMEA, Misys Treasury Plus, comments: “It’s fantastic to win this award. We’ve recently added major new capability to our fully hosted and web-based solution in OTC derivatives and Commodities confirmation matching, and I believe our clients are feeling the added benefits of our innovation to their businesses.”

The Readers’ Choice Awards were created to recognise the fact that financial institutions are increasingly turning to independent software providers in search of solutions to a range of issues that would once have meant an expensive bespoke development.

Misys customer, Matthias Lange, Head of Financial Risk Controlling and Operations at TUI - the global travel group, explains the value of Misys Treasury Plus: “Our confirmation process was time consuming, not integrated into our Treasury system and processes and, after all bared some risks. With Misys Treasury Plus we are now able to agree confirmations with our counterparties on the date that the trade took place, which eliminates a great deal of operational risk. Additionally, we have achieved levels of straight-through processing that have significantly reduced the number of personnel ‘touching’ the trades, as well as reducing overheads, and ultimately the cost of doing business.

Since utilising Misys Treasury Plus, TUI has achieved automatic matching rates of almost 100% in daily FX, forward and spot deals. Confirmation times have been significantly reduced with most agreed on the same day with counterparties and the group is also experiencing much higher levels of STP.

Misys Treasury & Capital Markets has 17 years of 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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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 is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 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.

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Contact us today, visit: www.misys.com