the power of thought misys asset management systems enterprise application integration
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The power of thoughtMisys Asset Management Systems
• 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
The power of thoughtMisys Asset Management Systems
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
The power of thoughtMisys Asset Management Systems
24 November 2003 - Rhyme Systems launched following £20 million MBO of the UK operations software business of Misys
Asset Management Systems
The power of thoughtMisys Asset Management Systems
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
The power of thoughtMisys Asset Management Systems
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
The power of thoughtMisys Asset Management Systems
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?
The power of thoughtMisys Asset Management Systems
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 power of thoughtMisys Asset Management Systems
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
The power of thoughtMisys Asset Management Systems
EAI scenarios
• Quasar – core accounting, settlement & administration system
• 3rd party:• Decision support• Order management/trade execution/confirmation• Corporate actions• Reconciliations• Client reporting
The power of thoughtMisys Asset Management Systems
• 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
The power of thoughtMisys Asset Management Systems
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
The power of thoughtMisys Asset Management Systems
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
Workstation(Microsoft® IE)
Workstation(Microsoft® IE)
Tier 1
Tier 2
Tier 3
The power of thoughtMisys Asset Management Systems
The future
• A swing back to integrated systems
• Rational integration
• Standards
• Business process remodelling
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