Misys, an application software and services company, has partnered with SmartStream Technologies to offer enhanced risk control and efficiency across the entire trade transaction lifecycle management to market participants and exchanges.

According to Misys, SmartStream’s reconciliation software will be embedded into Misys Summit FT and Opics Plus to provide additional transaction matching, exceptions and investigations management to Misys’ solutions.

Both Summit’s and Opics Plus’ cross-asset coverage including OTC derivatives, fixed income, FX, equity and structured products, will be enhanced further with the capabilities from SmartStream’s TLM software.

Additionally, customers using Misys Opics Plus will benefit from the cash management and nostro reconciliations improvements resulting from the partnership.

Larry Mitchell, VP of solutions management, treasury and capital markets at Misys, said: “SmartStream’s exceptional reconciliations expertise, its strength in cash management and exchange-traded instruments, as well as the strong links its solutions have with prime brokers, custodians and confirmation venues, all add great value to our offering.

“This partnership brings two complementary sets of solutions together to enable financial institutions to grow through innovation, improve management of liquidity and reduce costs through operational risk control and streamlined processes.”

Philippe Chambadal, CEO of SmartStream Technologies, said: “Crucially this partnership removes many of the integration elements for joint SmartStream and Misys clients that would previously been managed by in-house teams, enabling firms to reduce implementation costs and timescales, and delivering a faster time to market.”