"Access to this data is vital for Misys as we provide our clients with competitive intelligence over other firms in the marketplace.” Sebastien Roussotte, General Manager of the Investment Management Division at Misys
New York, London (PRWEB UK) 19 January 2015
Misys, the global financial software and services company, announced today that it has signed a solution partnership with Intex Solutions, Inc. (Intex), the leading global provider of structured fixed income data and cash flow models. Through this agreement, its flagship solution for investment firms, Misys FusionInvest will have the ability to connect with Intex’s asset-backed (ABS), residential mortgage-backed (RMBS), commercial mortgage-backed (CMBS) and collateralised loan obligation (CLO) cash flow models and data globally with nearly 100 per cent deal coverage in the U.S., Europe, Asia and Australia.
According to the U.S. Federal Reserve, in March 2013 the outstanding mortgage debt in the U.S. stood at $13.7 trillion, which includes approximately $1.6 trillion in mutual funds, pension funds and insurance companies. Through its solution partnership with Intex, Misys will be able to meet all the demands of investment advisers, insurers, and fixed income portfolio managers across the entire value chain for mutual funds and pension funds.
The solution partnership will enable asset managers to meet investor requirements throughout all stages of the investment process. With access to pre-payment research, cash flow and deal data, asset managers can now rely on Intex and Misys to provide a wide range of market-leading functionality. This includes deal pricing and portfolio management, risk and stress testing, as well as account settlement, all in a single integrated system.
“With the integration of the Intex structured fixed income cashflow engine and deal model libraries into Misys FusionInvest, asset management firms now have the ability to leverage Intex's well-known and highly-regarded deal models directly in the Misys FusionInvest environment", states Jim Wilner, Vice President at Intex. “Intex is known for its comprehensive and accurate RMBS, ABS, CMBS and CLO deal models, covering virtually all such deals issued in North America, Europe, Asia, Australia and elsewhere around the globe. Through the integration of Intex with Misys FusionInvest, asset managers can examine multiple aspects of these securities including future cashflows, valuations and deal performance characteristics when making crucial investment decisions.”
Misys is continuing to expand FusionInvest’s capabilities and asset-class coverage to meet the industry’s growing demands, specifically the requirements of U.S. fixed income asset managers. The solution partnership with Intex follows the recent technology enhancements introduced earlier this year with the launch of Misys FusionInvest v7, Misys’ new best-in-class solution for fixed income portfolio managers. This version benefits from state-of-the-art portfolio management, analytics and derivatives functionalities. These are integrated around a unique front-office risk architecture, leveraging the most performant in-memory database technology. By supporting the multi-curve, OIS/CSA discounting and negative interest rates, the version is fully adapted to the current market conditions and regulatory requirements. Linking to Intex’s ABS and CMBS models further builds upon this momentum and expands the fixed income coverage within Misys FusionInvest.
“The majority of fixed income portfolio managers have sizeable ABS and MBS books of business,” comments Sebastien Roussotte, General Manager of the Investment Management Division at Misys. “As a part of our overall product strategy we recognized the value in connecting to these datasets and retrieving static data and cash flows by partnering with an independent, market-leading firm such as Intex. ABS and MBS price, risk or asset value cannot be accurately gauged without having detailed information on a broad range of mortgages. Access to this data is vital for Misys as we provide our clients with competitive intelligence over other firms in the marketplace.”
Roussotte continues, “Investors and regulators are now increasingly scrutinizing valuation, operational management, integrated reporting, risk management and assessment. This is creating the need for superior tools and practices to provide better pricing and analytics, more precise and robust market data and multi-asset, single integrated platforms where hedge and other investment books can be managed. All of these drivers are in line with our fixed income strategy and roadmap for the FusionInvest platform.”
Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, capital markets, investment management and risk solutions available on the market. With more than 2,000 customers in 130 countries our team of domain experts, combined with our partner eco-system, have an unparalleled ability to address industry requirements at both a global and local level. We connect systems, collect data and create intelligent information to drive smarter business decisions. To learn more about how our Fusion software portfolio can deliver a holistic view of your operations, and help you to solve your most complex challenges, please visit http://www.misys.com and follow @MisysFS on Twitter.
Intex Solutions, Inc. is the world's leading provider of structured fixed-income cash flow models and related analytical software. Our clients include many hundreds of the world's best known financial institutions including most major investment banks, regional broker dealers, issuers and investment managers. Intex was founded in 1985, and remains an independent, privately-held company with headquarters near Boston, Massachusetts. Intex also supports its many international clients with staff and representatives in London and Tokyo.
About Misys FusionInvest
Misys FusionInvest is a fully integrated multi-asset trading system that leverages industry-leading technology to oversee the complete investment process of buy-side firms from portfolio management to investment operations, to risk management and compliance. The multi-award winning system delivers the reliability and agility needed to grow a business with minimum disruption and investment. Increased capabilities can be provided via additional modules and a toolkit, enabling firms to quickly adapt and take advantage of new opportunities as they arise. FusionInvest combines sell-side level financial and technological capabilities with the user-friendliness, connectivity and ease of implementation required by the buy-side. It has been adopted by more than 90 institutions globally, from start-up hedge funds to the world’s largest global asset management companies.