New York/London, 17th May 2004 – Misys Wholesale Banking Systems (Misys) today announces that it has signed a strategic partnership agreement with Currenex®, the leading online global currency trading platform.

Following Misys’ successful acquisition last year of the market-leading Crossmar Confirmation Matching Services from Citibank, Misys has been actively looking to expand into other areas of the market. The partnership with Currenex will enable the integration of foreign exchange and money market trade execution services with future Misys service offerings. Under the partnership agreement, Currenex will provide FX execution technology and an expansive and growing network of top-tier liquidity providers. 

Clifford Lewis, Chairman and CEO of Currenex, says: “The partnership between Currenex and Misys Wholesale Banking Systems is an exciting development for the industry. We look forward to working with Misys to enable our joint customers to take full advantage of the service.”

Andy White, CEO of Misys Wholesale Banking Systems, comments: “Misys has made a strategic commitment to deliver ASP services to clients. CMS, now part of our new Global Managed Services business, was the first offering.  With an increase in transaction volumes in excess of 12% since the acquisition, obtained from a combination of new clients and additional services, it has gone from strength to strength.

“Now our partnership with Currenex will allow us to broaden our reach into multi-bank trading for corporate treasurers and fund managers. We look forward to further expanding our services into other areas essential to the running of a successful treasury operation over the coming months.” 

Shamira Alidina / Adelaide Harrison
Write Image
+44 (0) 20 7959 5400
Shamira@write-image.co.uk / adelaide.harrison@write-image.co.uk

Gil Bray
Head of Product and Marketing, Corporate Solutions
Misys Wholesale Banking Systems
+1 845 501 0775
Gil.bray@misys.com

About Misys Wholesale Banking Systems
Misys Wholesale Banking Systems is a trusted provider of innovative technology solutions: over 1,000 employees in 30 offices around the world have built up the domain expertise to deliver world-class solutions with an understanding of local requirements. Misys Wholesale Banking Systems' staff are committed to developing and supporting a product family that embraces trade services, international banking, treasury & capital markets, confirmation matching, continuous linked settlement (CLS), eBanking, middleware and financial messaging.

Misys Wholesale Banking Systems is part of Misys plc’s Banking & Securities Division, which serves over 1,200 customers across more than 120 countries, including 92% of the world's top 50 banks and 56% of the top 250. (Source: The Banker, July 2003).

Misys plc, one of the world's largest software solutions companies, serves customers in the international banking and securities, US healthcare, and UK retail financial services sectors. Employing over 6,000 staff, Misys reported revenues in excess of £1 billion ($1.5 billion) for the year ended 31 May 2003. For more information, visit www.misys.com.

About Currenex®
Currenex is the leading low cost technology provider of foreign exchange and money market trading solutions for global financial institutions, funds, corporations and other market participants.  Through private branded systems as well as a global electronic communications network of FX price makers, prime brokers and intermediaries, Currenex supports real-time, auditable, online trading across all currencies 24 hours a day.  For further information visit: www.currenex.com.