Sophis acquisition will help crack equities, says Misys
The deal is expected to be completed by the end of February 2011.
“Sophis’s solutions will complement
Misys' existing treasury and capital markets solutions,” Denny Dewnarain, Misys
Summit’s deputy MD for continental Europe, told FOW. “Misys products are more
sell side-focused and Sophis on the buy side, so going forward the acquisition
will be beneficial.
“Misys Summit is known very well
for interest rate derivatives, fixed income market, credit derivatives. Sophis
is well known in the equity market, equity derivatives and convertibles and
commodities,” he added.
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