Software provides profit and loss monitoring of trades.April 26, 2007 -
Providing front-to-back straight through processing (STP) solution for loan trading, Loan IQ Trader Desktop enables financial institutions to cover entire lifecycle of a loan with single integrated solution, eliminating need for re-keying in middle and back office. It provides quick trade entry, real-time position and P&L monitoring, and on-demand reporting. Users can customize information and develop flexible portfolio analysis across organization.
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Original Press release
Misys plc
125 Kensington High Street
London, , W8 5SF
United Kingdom
Launch of First Front-Office Offering in Misys Treasury and Capital Markets' Loan IQ(TM) Suite Provides New STP Solution for Loan Traders and Managers
LONDON, April 3/- Enhanced Level of Profit and Loss Monitoring of Trades Available as Misys Launches First Integrated Front Office Solution in its Loan IQ(TM) Suite
Analyst House, Celent, Recognises Value in Real-Time Integrated STP Solutions
Enhanced real-time P&L and position monitoring is now available to loan traders and managers in commercial lending from today, with the launch of Misys Loan IQ Trader Desktop - the first front office solution in the Misys Loan IQ suite.
Misys Loan IQ Trader Desktop builds on the company's market-leading middle and back office solutions, enabling financial institutions to cover the entire lifecycle of a loan with one integrated solution. Trading professionals will benefit from enhanced data integrity, reduced operational risk, and increased efficiencies as a result of this new front-to-back straight through processing (STP) solution for loan trading on a single platform.
Bart Narter, Senior Analyst - Banking at Celent, comments: "Real-time information is valuable only to the extent that it is available to those who can act on it. Offering a single integrated front-to-back-to-front solution brings tremendous value to traders, allowing them to act on information as soon as it occurs."
Misys Loan IQ Trader Desktop requires trades to be keyed in just once throughout the lifecycle of a trade, which eliminates the need for re-keying in the middle and back office. This generates significant time savings and cost efficiencies throughout the entire organisation. It provides loan traders with enhanced functionality including quick trade entry, real-time position and P&L monitoring, and flexible on-demand reporting. Managers will now have the capability to customise information and develop flexible portfolio analysis across the organisation.
"Trader Desktop is already proven. It has been used for three years by a tier 1 global bank to process trades throughout the US and continental Europe," explains Ken Katz, Misys Loan IQ Global Product Manager, Misys Treasury & Capital Markets. "We worked with them to bring this robust and resilient platform to market, enhancing Misys Loan IQ's offerings and providing our customers with exceptional front office capabilities. Trader Desktop offers an optimal solution to meet loan traders' needs and their demanding requirements, all on a single platform."
Trader Desktop is the first front-office solution in Misys Loan IQ, Misys Treasury & Capital Markets' best-of-breed solution to improve commercial lending operations. Misys Treasury & Capital Markets creates integrated, comprehensive solutions for financial institutions to manage their capital market activities across multiple asset classes.
For further information or to request an interview with a Misys spokesperson, please contact:
Edward Taylor
Misys
t. +44(0)208-486-1661
edward.taylor@misys.com
About Misys
Misys plc (FTSE: MSY.L), the global software and solutions company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking, Misys is a market leader, specialising in both the treasury and capital markets and core banking areas, having over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com
Source: Misys plc
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