One of the most exciting and dynamic parts of the capital markets business today is the ever growing complex and structured trades market. The evolution of these trades is fuelled by investors constantly on the hunt for better yield-enhanced or tailored risk-reward structures, which in turn puts pressure on dealers to supply increasingly sophisticated and complex products.
Unlike so-called vanilla trades, which have well-established front-to-back trade management solutions, the very nature of structured trades creates fundamental problems for operations and risk professionals. Many of today's trade processing systems are designed to handle financial instruments drawn from a single asset class and with limited flexibility. This means taking trades off your normal trading system and perhaps using spreadsheets as a work around, resulting in many additional risks and operational costs for the bank.
Misys is an innovator in systems for handling structured trades. It provides a generic structured trade solution that provides a framework for structurers and quants for modelling new financial structures as soon as they are conceived, removing the need for custom processing. Award winning Misys Summit Must enables the bank to process and manage structured trades from conception, straight- through to settlement.
