This years AFP conference in Los Angeles will allow visitors to experience upgraded web trading and cash management application for foreign exchange (FX) trading and foreign currency deposit accounts (FCDA) from Misys plc, the application software and services company.
Introducing new model of e-Opics Plus Misys answers the need for boosting performance and improving management of operational risk. A newly integrated service joins Misys Confirmation Matching Service (Misys CMS), the post-trade confirmation application and Misys Opics Plus, a powerful treasury and capital markets solution which enables cross asset transaction processing across front, middle and back office operations.
With e-Opics Plus is a step forward automation increasing straight-through processing (STP) and reducing operational risk. The model enables Misys customers to make payments and transfer money between accounts. Full cash and position management features are also available.
Through highly secure online portal, client will now be able to trade FX spots, forwards, swaps, forward options and deposits. Misys CMS obtains the trade information from the financial institution via SWIFT MT 320 messages. Corporate trades are booked and formatted automatically within the Misys Opics Plus applications and delivered to the outgoing SWIFT message queue for delivery to Misys CMS.
The dramatic increase in foreign account activity and more active cash management practices in the U.S. have highlighted the need for a front-to-back office, cross-asset capability to boost performance and improve management of operational risk, says David Stewart, director of Risk Solutions, Misys Treasury & Capital Markets business. Through this integration, regional banks can now extend that capability through to seamless confirmation, eliminating the need for a SWIFT provider and further streamlining operations.
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