Benchmarks run at four times the speed – also enables new GUI and greater scalability
Eton, UK—July 28, 2003—Overnight batch processes running at around four times the speed is one of the predicted benefits of the latest version of the Quasar back office asset management solution from Misys Asset Management Systems – thanks to CACHÉ post-relational database technology from InterSystems.
Quasar 6 is the latest version of a market-leading solution that plays a key part in the operational infrastructure of a significant number of UK asset management companies. Misys Asset Management Systems has migrated this new release to CACHÉ which means it can offer far faster processing times, increased scalability, enhanced usability and intuitiveness, more openness of functionality and data access, alongside a greater flexibility and connectivity to systems and processes outside Quasar 6.
CACHÉ’s multidimensional engine means that data does not have to be normalised as it does in traditional relational systems. This provides a major boost in the speed of transaction processing – a big benefit for financial institutions who at the moment need to build substantial contingency time into large processing runs.
CACHÉ has also enabled Misys Asset Management Systems to enhance Quasar’s screen presentation, creating a modern GUI to make the solution far simpler to use. Taking advantage of CACHÉ’s fusion of object and relational technology, users can now access and interpret data more easily and rapidly, plus, can make ad hoc queries without the additional costs of third party reporting tools or especially skilled staff.
Ultimately, Quasar 6 will be able to match users’ specific style of working and present system processes as a collection of new multi-task modules and graphical interfaces – as opposed to the current menu-driven, character-based, single workflow approach.
Cheryl Redgewell, operations products manager, Misys Asset Management Systems says: “Financial institutions will be able to seamlessly integrate Quasar 6 within their current Quasar technology infrastructure and, as a result, critical operational processes can be performed faster, better and more efficiently.
“We could not have done this without CACHÉ – it has enabled us to really drive the product forward,” adds Redgewell.
Headquartered in Cambridge, Mass., InterSystems Corporation (www.InterSystems.com) is a leading provider of high performance, low-maintenance database systems for Web applications, with over four million users worldwide. InterSystems’ flagship product, CACHÉ, is a post-relational database that uniquely offers three integrated data access options: a robust object database, high performance SQL, and rich multidimensional access. CACHÉ enables rapid Web application development, extraordinary transaction processing speed and real time queries against transactional data.
Quasar is a market-leading and powerful multi-company, multi-market, multi-currency, flexible, operational solution for asset managers. A proven solution, with an installed base of about 50 UK organisations including many of the top private and institutional asset managers. Quasar provides comprehensive, integrated investment management processing with decision support and accounting. Quasar excels at increased operational & volume efficiency for processing trades, settlements and corporate actions via Straight Through Processing. It has the ability to integrate with legacy and modern component-based IT infrastructures.
About Misys Asset Management Systems Ltd
Misys Asset Management Systems Ltd is the leading supplier of IT solutions to the global asset management industry. It provides award-winning solutions and services globally for client companies who manage financial assets on behalf of their customers. Misys Asset Management Systems enable fund managers and operations managers to control tens of billions of pounds of private and institutional wealth.
With an exceptional client base – comprised of many of the leading asset managers – Misys Asset Management Systems’ technical and business experts operate at the leading edge of both fund management theory, and operational practice design. They develop, implement and support a range of proven and reliable investment and operations process products, which can standalone or be integrated to provide end-to-end solutions.
Specific products and service information can be found at www.misys.com Misys Asset Management Systems is part of the Misys Group, a FTSE 250 company which has been listed on the London Stock Exchange since 1989.
Trademark Notes: Caché is a trademark of InterSystems Corporation. Other trademarks belong to their respective owners.
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