Misys and Numerix Expand Global Partnership to Bring Further Innovation in Financial Instrument Creation
Poster: SySAdmin
Posted on June 28, 2010 at 7:56:01 AM
Misys and Numerix Expand Global Partnership to Bring Further Innovation in Financial Instrument Creation
NEW YORK and LONDON, June 28, 2010--
- Improves Modeling, Pricing and Risk Management of OTC Derivatives and
Structured Products
Misys plc (LSE: MSY), the global application software and services
company and Numerix, the leading provider of cross-asset analytics for
derivatives valuations and risk management, today announced the expansion of
their global partnership and distribution agreement.
The two companies have been working closely together as partners since
2001 with more than 50 shared customers as a result. The extended agreement
enables financial and insurance institutions to create derivatives and
structured products for their clients much more flexibly and across a broader
range of asset classes.
With Misys owning a significant percentage of the system solution market
and Numerix being the dominant independent analytics provider, Financial and
Insurance institutions are able to address the significant challenges of
regulations, operational risks, and uniformity of pricing and valuations for
all derivatives and structured products, regardless of the complexity. Misys
is now a Numerix platinum partner - representing the highest level achievable
in the Numerix Partner Program - with the most tightly coupled and integrated
pricing and analytic solutions for Misys Summit and Opics users in the
Financial and Insurance markets.
The expanded agreement provides new and existing Misys customers with
unique ways of accessing and using Numerix pricing, analytics and risk
management solutions for their OTC derivative and structured product needs.
Customers will now be able to purchase the integrated solutions directly from
Misys, further streamlining vendor and system complexity.
"It is vital for financial institutions to have fast and efficient access
to the best market analytics and pricing models available," states Larry
Mitchell, VP Solutions Management, Misys Treasury & Capital Markets. "Through
partnering with Numerix, we can now further expand the range of models and
instruments available to clients and provide real value to the derivatives
and structured products industry. It gives our customers the ability to
address the significant demands to be fully transparent, increase workflow
and provide more flexibility while still allowing them to retain control and
reduce costs and operational risk."
"This expansion of our relationship with Misys to include the direct sale
of additional Numerix products and services was a natural evolution for us
given the success of our original partnership," adds Steven R. O'Hanlon,
President and COO of Numerix. "Now, all participants in a firm may access the
same analytics, from pre-trade through life cycle management on a unified
analytics platform. Together, Misys and Numerix are addressing both valuation
requirements across all asset classes, in addition to addressing the internal
and external compliance and operational risk needs of our customers. Having
Misys onboard as a Platinum level partner adds tremendous value for our joint
clients and we look forward to a long and successful working relationship."
Front-office professionals and users of Summit FT can use Numerix
Portfolio and Numerix CrossAsset XL for pre-trade analysis, trade capture,
pricing and risk management of any OTC derivative and structured product.
Together, these solutions now provide an extensive range of risk management
and reporting capabilities, including MTM, P&L and risk metrics, including
all the Greeks, MC VaR, scenario analysis, model validation/convergence and
custom risk reports. Numerix CrossAsset suite is available either with full
support for all major asset classes or through modules targeted to individual
asset classes.
Shared customers can now also leverage the ability of Misys systems
powered by Numerix to communicate using Numerix's revolutionary "deal
standard" XML capabilities. Summit FT users can export deal definitions and
pricing inputs for any trade into a Numerix XML file that is both machine -
and human - readable. The deal can then be easily archived or imported into
other Misys - Numerix powered solutions, improving workflow efficiency and
reducing operational risk.
Summit FT's seamless integration to Numerix models and risk functionality
has been developed jointly and is already in production with customers
globally. This agreement greatly expands the ready-to use interface to handle
Numerix risk functionality, advanced modeling and expanded OTC derivative and
structured products deal coverage through the Summit FT award-winning
structured products module - Summit MUST.
Misys Opics Plus supports more asset classes and sophisticated structures
through the partnership, providing users with further flexibility. The
enhanced Numerix-powered independent pricing and risk information for
structured products and exotic OTC derivatives will improve front-to-back
integration across both solutions, enabling users to quickly and accurately
calculate prices for popular structured products across a wide variety of
asset classes. In addition, Opics Plus users may opt for leveraging Numerix
Portfolio for trade capture and risk management.
About Misys plc
Misys plc (LSE: MSY), 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: http://www.misys.com
Media contact:
Edward Taylor
Global Head of Public Relations
Misys
Solutions for Banking and Treasury & Capital Markets
+44(0)20-3320-5530
edward.taylor@misys.com
About Numerix
Numerix is the award winning, leading independent analytics institution
providing cross-asset solutions for structuring, pre-trade price discovery,
trade capture, valuation and portfolio management of derivatives and
structured products.
Since its inception in 1996, more than 400 financial institutions and 45
strategic partners across 27countries rely on Numerix analytics for speed and
accuracy in valuing and managing the most sophisticated financial
instruments. With offices in New York, London, Tokyo, Hong Kong, Singapore
and Dubai, Numerix brings together unparalleled expertise across all asset
classes and engineering disciplines. For more information, please visit
http://www.numerix.com.
Media Contact:
Todd Swearingen
Numerix
+1-646-898-1294
tswearin@numerix.com
Source: Misys plc & Numerix
Media contact: Edward Taylor, Global Head of Public Relations, Misys Solutions for Banking and Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor@misys.com; Media Contact: Todd Swearingen, Numerix, +1-646-898-1294, tswearin@numerix.com
NEW YORK and LONDON, June 28, 2010--
- Improves Modeling, Pricing and Risk Management of OTC Derivatives and
Structured Products
Misys plc (LSE: MSY), the global application software and services
company and Numerix, the leading provider of cross-asset analytics for
derivatives valuations and risk management, today announced the expansion of
their global partnership and distribution agreement.
The two companies have been working closely together as partners since
2001 with more than 50 shared customers as a result. The extended agreement
enables financial and insurance institutions to create derivatives and
structured products for their clients much more flexibly and across a broader
range of asset classes.
With Misys owning a significant percentage of the system solution market
and Numerix being the dominant independent analytics provider, Financial and
Insurance institutions are able to address the significant challenges of
regulations, operational risks, and uniformity of pricing and valuations for
all derivatives and structured products, regardless of the complexity. Misys
is now a Numerix platinum partner - representing the highest level achievable
in the Numerix Partner Program - with the most tightly coupled and integrated
pricing and analytic solutions for Misys Summit and Opics users in the
Financial and Insurance markets.
The expanded agreement provides new and existing Misys customers with
unique ways of accessing and using Numerix pricing, analytics and risk
management solutions for their OTC derivative and structured product needs.
Customers will now be able to purchase the integrated solutions directly from
Misys, further streamlining vendor and system complexity.
"It is vital for financial institutions to have fast and efficient access
to the best market analytics and pricing models available," states Larry
Mitchell, VP Solutions Management, Misys Treasury & Capital Markets. "Through
partnering with Numerix, we can now further expand the range of models and
instruments available to clients and provide real value to the derivatives
and structured products industry. It gives our customers the ability to
address the significant demands to be fully transparent, increase workflow
and provide more flexibility while still allowing them to retain control and
reduce costs and operational risk."
"This expansion of our relationship with Misys to include the direct sale
of additional Numerix products and services was a natural evolution for us
given the success of our original partnership," adds Steven R. O'Hanlon,
President and COO of Numerix. "Now, all participants in a firm may access the
same analytics, from pre-trade through life cycle management on a unified
analytics platform. Together, Misys and Numerix are addressing both valuation
requirements across all asset classes, in addition to addressing the internal
and external compliance and operational risk needs of our customers. Having
Misys onboard as a Platinum level partner adds tremendous value for our joint
clients and we look forward to a long and successful working relationship."
Front-office professionals and users of Summit FT can use Numerix
Portfolio and Numerix CrossAsset XL for pre-trade analysis, trade capture,
pricing and risk management of any OTC derivative and structured product.
Together, these solutions now provide an extensive range of risk management
and reporting capabilities, including MTM, P&L and risk metrics, including
all the Greeks, MC VaR, scenario analysis, model validation/convergence and
custom risk reports. Numerix CrossAsset suite is available either with full
support for all major asset classes or through modules targeted to individual
asset classes.
Shared customers can now also leverage the ability of Misys systems
powered by Numerix to communicate using Numerix's revolutionary "deal
standard" XML capabilities. Summit FT users can export deal definitions and
pricing inputs for any trade into a Numerix XML file that is both machine -
and human - readable. The deal can then be easily archived or imported into
other Misys - Numerix powered solutions, improving workflow efficiency and
reducing operational risk.
Summit FT's seamless integration to Numerix models and risk functionality
has been developed jointly and is already in production with customers
globally. This agreement greatly expands the ready-to use interface to handle
Numerix risk functionality, advanced modeling and expanded OTC derivative and
structured products deal coverage through the Summit FT award-winning
structured products module - Summit MUST.
Misys Opics Plus supports more asset classes and sophisticated structures
through the partnership, providing users with further flexibility. The
enhanced Numerix-powered independent pricing and risk information for
structured products and exotic OTC derivatives will improve front-to-back
integration across both solutions, enabling users to quickly and accurately
calculate prices for popular structured products across a wide variety of
asset classes. In addition, Opics Plus users may opt for leveraging Numerix
Portfolio for trade capture and risk management.
About Misys plc
Misys plc (LSE: MSY), 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: http://www.misys.com
Media contact:
Edward Taylor
Global Head of Public Relations
Misys
Solutions for Banking and Treasury & Capital Markets
+44(0)20-3320-5530
edward.taylor@misys.com
About Numerix
Numerix is the award winning, leading independent analytics institution
providing cross-asset solutions for structuring, pre-trade price discovery,
trade capture, valuation and portfolio management of derivatives and
structured products.
Since its inception in 1996, more than 400 financial institutions and 45
strategic partners across 27countries rely on Numerix analytics for speed and
accuracy in valuing and managing the most sophisticated financial
instruments. With offices in New York, London, Tokyo, Hong Kong, Singapore
and Dubai, Numerix brings together unparalleled expertise across all asset
classes and engineering disciplines. For more information, please visit
http://www.numerix.com.
Media Contact:
Todd Swearingen
Numerix
+1-646-898-1294
tswearin@numerix.com
Source: Misys plc & Numerix
Media contact: Edward Taylor, Global Head of Public Relations, Misys Solutions for Banking and Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor@misys.com; Media Contact: Todd Swearingen, Numerix, +1-646-898-1294, tswearin@numerix.com