New complex options coverage and enhanced risk management for banks will be unveiled by Misys at this year’s ACI World Congress in Montreal, Canada, to coincide with the latest release of Misys Opics Plus, the company’s trademark back-office solution.
The new complex options and real-time risk modules build on the core treasury and operational strength of the solution and deliver significant business benefit to financial institutions looking to expand their trading potential and cut their risk profiles. Moreover, the launch of Misys Opics Plus V2.0 sees a range of enhancements to strengthen support for banking businesses, and lower TCO through improved implementation rates, faster processing and increased efficiency.
Misys Opics Plus can handle vanilla and complex derivatives, fixed income, and equity and treasury trades, giving banks greater performance, scalability, flexibility and extra functionality. With Misys Opics v2.0, there is additional coverage for several previously unavailable instrument types including net swaps, fixed income including MBS, CDS processing and retail structured products. Its new workflow management tool, Behavior Manager, also makes the solution highly customisable to individual business processes.
Financial professionals attending the Congress will have the opportunity to see new modules for Complex Options and Opics Risk Plus for the first time.
The Complex Options module includes coverage for over 175 complex options from FX, fixed income and equity to commodity OTCs. A new multi-action user interface improves the experience for exotics traders by covering deal entry, verification, reversal, and inquiry and transaction history on one easy to use screen.
As an operational enhancement, users also now have the ability to generate an MT306 SWIFT message for exotic options and there are plans to extend Opics Plus’ capability in the areas of additional complex products later this year.
“This is a highly significant launch,” comments David Stewart, product manager, Misys Opics Plus. “At this time, Misys Opics solutions are used by many of the world’s top financial institutions, and because of the capacity for new instrument coverage, along with the new support for complex options and risk customers, major players are showing interest in this new solution.”