Misys Automates Precious Metals Trade Lifecycle

Misys Banking Systems has added precious metals functionality to the suite of transaction services in its integrated treasury portal, Misys Treasury Plus, making control of the full lifecycle of multi asset class trade activity, including Precious Metals, available by logging

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Misys Banking Systems has added precious metals functionality to the suite of transaction services in its integrated treasury portal, Misys Treasury Plus, making control of the full lifecycle of multi-asset class trade activity, including Precious Metals, available by logging into a single secure, easy-to-use, resilient system.

Within minutes of MT 600 messages (SWIFT Precious Metals Confirmation messages) being generated by both counterparties, the trade is automatically matched using Misys Treasury Plus real-time confirmation matching engine, enabling customers to see the matching results of any deal instantly.

Multi-bank automated confirmation matching systems have been unable to provide post-trade services that included precious metal trades.

“We are very pleased to enhance our capabilities further by providing STP (straight-through-processing) and automation of Precious Metals post-trade processes,” said Mark Davies, CEO of Misys Global Managed Services. “Automation meets the market need of trading across multiple asset classes while still having one integrated platform to control operational and settlement risk.”

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