A new confirmation matching module for OTC Derivatives from Misys, the has gone live in more than 800 of the world’s largest corporates and financial institutions, enabling automated post-trade confirmation matching in OTC Derivatives and Commodities for the first time through Misys Treasury Plus.
The new module provides a single window for both the buy side and sell side to confirm OTC Derivatives and Commodities transactions. The system can accept any FpML standard subset, allowing trade entry by processing messages from both banks and non-banks.
“With this automated and flexible translation and matching mechanism, both counterparties are able to leverage the speed and convenience of Misys Treasury Plus for all their confirmation matching needs – instead of having to maintain multiple interfaces to confirm multiple instruments, which can be costly, slow and inefficient,” says Gilmore Bray, Global Head of Product Development for Global Managed.