Software company Misys has enhanced its Confirmation Matching Service to include interbank matching for exotic FX options.
The new release enhances Misys’s existing
interbank matching portfolio, which includes foreign exchange,
money markets, FX options and metals. It aims to allow banks to
benefit from increased automation and improved risk management,
which will reduce manual processes such as fax, telephone and
The latest technology allows banks to send confirmations to
each other over the Swift network. The subscribing bank
authorises Swift to copy inbound and outbound confirmation
messages for the required instrument into Misys CMS. This is
done using the Swift FinInform service and messages are only
visible to the subscribing bank.