New SmartStream and Misys partnership to improve trade lifecycle management

Partnership extends the breadth of processing capabilities in Misys Summit […]

June 7, 2010

Partnership extends the breadth of processing capabilities
in Misys Summit FT and Summit Invest

Misys Opics Plus solution to also include elements 
of TLM Reconciliations and TLM Cash Management

SmartStream Technologies
, the financial Transaction Lifecycle Management specialist, today announced a partnership with global application software and services company Misys that will deliver a range of post trade transaction processing solutions.

The global partnership brings together two leading software providers to deliver end-to-end solutions that provide broad connectivity to market participants and exchanges, improves processing efficiencies and reduces risk throughout the transaction lifecycle. SmartStream’s market-leading reconciliation software will be embedded into Misys Summit FT and Opics Plus to provide additional transaction matching, exceptions and investigations management to Misys’ award-winning solutions.

Misys Summit’s and Opics Plus’ broad cross-asset coverage including OTC derivatives, fixed income, FX, Equity and structured products, will be enhanced further with capabilities from SmartStream’s TLM Trade Process Management software. Additionally, customers using Misys Opics Plus will benefit from the cash management and nostro reconciliations improvements resulting from the partnership.

Larry Mitchell, VP Solutions Management, Treasury & Capital Markets at Misys, adds: “This is a really exciting step that brings true value to our customers. We pride ourselves in continuously improving our overall offering to our clients so that they can manage the complexity of today’s financial markets. This partnership brings two complementary sets of solutions together to enable financial institutions to grow through innovation, improve management of liquidity and reduce costs through operational risk control and streamlined processes.”

Philippe Chambadal, CEO, SmartStream Technologies, comments: “As a market leader in transaction processing management, we understand the post-trade matching, exception management and investigations needs of institutions regardless of size, processes, or lines of business. The combination of our knowledge and Misys’ deep expertise in treasury and capital markets processing delivers a joined up solution that significantly adds value to both our business propositions. Crucially this partnership removes many of the integration elements for joint SmartStream and Misys clients that would previously been managed by in-house teams, enabling firms to reduce implementation costs and timescales, and delivering a faster time to market.”

The partnership extends Misys Summit’s reach further into the exchange traded arena with SmartStream components for reconciliation, exceptions handling, corporate actions coverage and links to industry third parties. It will also add significant value to Summit Invest, the Misys cross-asset buy-side solution, offering reconciliations capability, along with integration to market-leading services such as Omgeo and links to custodians and prime brokers.

As a result, the fully automated solutions from SmartStream and Misys brings greater visibility into the reconciliations and exceptions management area for clients, a more cost-effective operation with reduced risk and ultimately a higher return on investment through end-to-end exceptions-based transaction lifecycle processing of trades.

Users of the Misys Summit ASP solution will also benefit from the SmartStream partnership, enabling smaller market players and buy-side organisations to access the combined market-leading solutions, with the added flexibility, time to market and a lower total cost of ownership delivered by a hosted version.

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