Al-Dhabi Investment (ADI) has implemented Misys Sophis VALUE, the cross-asset trading system, as part of its expansion into new asset classes and financial instruments.
Abu Dhabi-based ADI is going live with Sophis VALUE in order to expand its asset class coverage and retain wider control of risk management and compliance requirements.
The investment firm is implementing the system over the next four months and rolling it out across its front, middle and back office. It also will be integrated with ADI's existing third-party platforms from firms such as Bloomberg and Morgan Stanley.
"As we looks to expand our business and services over the coming years, we have recognized that a lot of that growth will only be possible by adopting more advanced technological solutions, which can align our various operations and give us the kind of real-time market visibility needed to act quickly and intelligently within the investment field," says Nabil Sleiman, CIO of ADI. "We believe that the unique capabilities within the integrated Sophis VALUE system will greatly increase reporting efficiency by providing enhanced internal controls, compliance and risk analysis."
Michel Daenen, sales manager for Strategic Accounts in the Treasury and Capital Markets division at Misys Middle East and North Africa, says the platform will enable ADI to invest in new geographies and asset classes while reducing the time to market for the firm's services.
"Adopting Sophis VALUE's straight-through processing front-to-back workflows will further reduce trading errors and transaction costs in addition to improving reporting and compliance," Daenen says. "We are confident that this will enable ADI's Analysts & Portfolio Managers to focus more time on their core business."