For immediate release – 28th February 2005 - New York/Frankfurt – Misys Wholesale Banking Systems (Misys) is pleased to announce today that Misys Global Managed Services, the company’s treasury services arm, has signed a strategic partnership agreement with 360T, the leading European cross-product multi-bank portal.
The partnership enables the integration of 360T’s foreign exchange and money market trade execution services with Misys Treasury, the ASP portal providing treasury management services to around 4,000 users worldwide. Under the partnership agreement, 360T will provide access to their execution platform and considerable network of top-tier liquidity providers.
Christoph Perger, Founder and Managing Director of 360T, says: “The partnership between 360T and Misys reflects an interesting trend within the industry. Trying to re-invent the wheel is never a good source of product innovation and customer benefits. We see flexible collaboration between specialist providers supplying best-of-breed components as a far more powerful way of delivering superior products and services. We look forward to working with Misys to enable our joint customers and prospects to take full advantage of our integrated solutions.”
Mark Davies, CEO of Misys Global Managed Services, also comments: “Misys has made a strategic commitment to deliver ASP treasury services to clients. The Misys Treasury platform has become the industry benchmark for delivering innovative trading, confirmation, settlement and reporting services. Our partnership with 360T will now enable us to broaden our reach into multi-bank execution for corporate treasurers, fund managers and market-user banks. We look forward to working together over the coming months to deliver services essential to the running of a successful treasury operation.”
Under the terms of the agreement, the two companies will provide integrated access to the trade and post-trade services of their respective portals. Additionally, each will offer the other’s services to existing users, as well as engaging in joint-market engagement activities for new business.
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For further information, please contact:
Edward Taylor / Jo Brice
+44 (0)20 7269 7295 / 7246
email@example.com or firstname.lastname@example.org
Head of Marketing & Business Planning
Misys Wholesale Banking Systems
+44 208 897 1188
About Misys Wholesale Banking Systems
Misys Wholesale Banking Systems is a trusted provider of innovative technology solutions: over 1,000 employees in 30 offices around the world have built up the domain expertise to deliver world-class solutions with an understanding of local requirements. Misys Wholesale Banking Systems' staff are committed to developing and supporting a product family that embraces trade services, international & regional banking, managed treasury services, capital markets, confirmation matching, continuous linked settlement (CLS), multi-channel banking, commercial lending, FX trading, cash management and financial messaging.
Misys Wholesale Banking Systems is part of Misys plc’s Banking & Securities Division, which serves over 1,200 customers across more than 120 countries worldwide, including 90% of the world's top 50 banks (Source: The Banker, July 2004).
Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries. Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisors (IFAs) in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs more than 6,100 people internationally. For more information, visit www.misys.com.
360T®, provider of Cross-Product Multibank Portal TEX® and vendor of whitelabel OTC trading technology, owns and maintains one of the most advanced trading technologies for OTC financial instruments capable of trading in streaming-price and quote-request mode.
TEX® Multidealer Trading System, 360T's globally accessible Cross-Product Multibank
Portal, offers a single window of professional market access. Corporate treasuries, institutionals, buy-side banks and public sector trade FX, MM and other frequently used financial instruments with market makers of their choice on a web-based execution platform.
I-TEX Intra-Group Trading System enables a central treasury unit or execution desk to act as an electronic in-house bank for its global remote locations, including internal autopricing and automated back-to-back trades against external liquidity providers on 360T’s Multibank Portal.
360T’s client base includes European Top 500 organisations, large midcaps, asset & fund managers, federal state treasuries and banks on the buy side. 360T provides standard and custom adaptors for seamless integration with almost any up-to-date front- and back-office.technology The Multibank Portal shows peak daily volumes past $ 7.5 bn and a fast growing regional expansion across EMEA, spanning Germany, Austria, Switzerland. France, Spain Italy, Belgium, Netherlands, Luxemburg, UK, Scandinavia, Eastern Europe and Middle East.
For more information, visit www.360T.com.
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