The power of thought Misys Asset Management Systems Enterprise Application Integration

The power of thoughtMisys Asset Management Systems

Enterprise Application Integration


• Some context: Overview of Quasar & our customers

• Quasar & our market/customers 10 years ago ie single system, a few point to point interfaces

• Quasar & Our Customers now (ie functional application centric, middleware, masses of EAI

• how do we bridge the gap?• middleware, messaging standards• what the future holds


Who are we?

• We’re a global software solutions company achieved current market position by acquisition

• We have multiple products, on multiple platforms, multiple skills sets, multiple locations. You name it , we have it

• Quasar, long history with Mumps

• Internal & external EAI issues


24 November 2003 - Rhyme Systems launched following £20 million MBO of the UK operations software business of Misys

Asset Management Systems


10 years ago….


private client satisfaction

The personal wealth asset management operation environment

Can map to the ‘super competency’ areas …

Functions, competencies and job roles

investment modelling

setting clientmandates

mandate & regulatory

compliance

post tradecompliance

market drift adjustments

pre tradecompliance

clearing

settlement

trade & ordermanagement

reconciliation

management reporting

accounting

performancemeasurement

portfoliomanagement

relationshipmanagementclient

information distribution

asset allocation

research & analytics


Integration in the 1990s

• High levels of manual input & double keying• Trade entry• Asset servicing – corporate actions, settlements

• Volume – automation• Market data• Custodian interfaces• Point to point - specific


Best of breed v. integration

• EAI – symptom of technological philosophical debate

• 10 years ago – our products were expected to provide all functional elements

• Now – customers will seek to implement best of breed, if they need to replace/remodel certain functional areas

• The best of breed v. integrated system debate

• Cheaper than replacing whole system?


Integration now

• More consideration of risk • Error rates & manual input

• Automation & streamlining business processes

• Standardisation & options

• Middleware

• High capital investment; high barriers to entry for middle/low tiers


The Market demands….

Lower costs through….

• Increased Operational Efficiency

• Usability

• Greater accountability/flexible “on demand” information

• Matching regulatory and market practice change

• New business functions

• Business Process Outsourcing


EAI scenarios

• Quasar – core accounting, settlement & administration system

• 3rd party:• Decision support• Order management/trade execution/confirmation• Corporate actions• Reconciliations• Client reporting


• Advent of messaging and integration standards• XML• ISO15022• FIX – pre / post trade• Spaghetti integration• Different skill sets; return on investment; large

capital base

• Basle II operational risk assessments


1. Functionality and workflow - to match the users' style of working by making available all system process as a collection of multi-tasking modules as opposed to the current menu driven, single workflow approach.

2. Usability and intuitiveness - to create a system user interface design with maximum intuition and near-zero learning.

3. System openness - to provide significantly better system and data openness, plus access and connectivity to systems and processes outside of Quasar.

4. Evolution of technology - To equip and future proof the underlying Quasar technology platform to offer the new technical operating environments of today such as Secure Internet, Intranet and business operations outsourcing models.

Responding to the market’s needs …

The four cornerstones of the Quasar 6 Programme


Quasar 6 - Usability and workflow

To this ….


Putting the Quasar 6 vision into practice

3 tiered technical architecture

Quasar

Passport

3rd Party System

Middleware

3rd Party Report Tools

Workstation, File (e.g. PDF), MS Excel & Word 3rd Party Tools

Workstation(Microsoft® IE)

Web Server(Java Server Pages)

Quasar 6 Business Logic

Caché ® Database

QuasarConnectors

QuasarEnquiries

QuasarQuery

SQL

QuasarOpen Access

Quasar 6

TC

P /

IP



Tier 1

Tier 2

Tier 3


The future

• A swing back to integrated systems

• Rational integration

• Standards

• Business process remodelling

Misys Asset Management Systems

Documents

The power of thought Misys Asset Management Systems Enterprise Application Integration