8 Dec 2011
Misys plc, the global application software and services company, has reported a rapid increase in the use of foreign exchange options by its corporate and fund management clients in 2011, compared to 2010.
Using Misys Confirmation Matching Service (CMS) to analysis client activity, Misys has also seen a 25% increase in active client sites over the same period.
Misys attributes the rise in the use of FX options to the heightened volatility in international currency markets, and the increasing need for corporations to review their hedging strategies in times of increasing uncertainty in the Eurozone.
Taken from the activity of 130 of its more than 1,000 global clients, including all of the top 10 foreign exchange banks, Misys found that from September 2010 to September 2011 there had been an increase in matched trades of over 100%. The rise in the volume of FX options is part of a broader trend of corporations updating their hedging strategies owing to the uncertainty in the Eurozone.
Using Misys Confirmation Matching Service (CMS) to analysis client activity, Misys has also seen a 25% increase in active client sites over the same period.
Misys attributes the rise in the use of FX options to the heightened volatility in international currency markets, and the increasing need for corporations to review their hedging strategies in times of increasing uncertainty in the Eurozone.
Taken from the activity of 130 of its more than 1,000 global clients, including all of the top 10 foreign exchange banks, Misys found that from September 2010 to September 2011 there had been an increase in matched trades of over 100%. The rise in the volume of FX options is part of a broader trend of corporations updating their hedging strategies owing to the uncertainty in the Eurozone.
“Clients such as Saab and Scania are coming to Misys to help them reduce operational processing risk by matching complex trades,” said Gilmore Bray, Global Managed Services Director at Misys. “The growth in post-trade processing activity also comes at a time of increased active clients, which is up 25% showing a real move towards FX options, and an acknowledgement by our clients that Misys CMS is truly a multi-asset class service.”
