1. The power of thought Misys Asset Management Systems Enterprise Application Integration

2. The power of thought Misys 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

3. The power of thought Misys 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

4. The power of thought Misys Asset Management Systems 24 November 2003 - Rhyme Systems launched following £20 million MBO of the UK operations software business of Misys Asset Management Systems

5. The power of thought Misys Asset Management Systems 10 years ago….

6. The power of thought Misys 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 client mandates mandate & regulatory compliance post trade compliance market drift adjustments pre trade compliance clearing settlement trade & order management reconciliation management reporting accounting performance measurement portfolio management relationship management client information distribution asset allocation research & analytics

7. The power of thought Misys 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

8. The power of thought Misys 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?

9. The power of thought Misys 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

10. The power of thought Misys 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

11. The power of thought Misys Asset Management Systems EAI scenarios Quasar – core accounting, settlement & administration system 3 rd party: Decision support Order management/trade execution/confirmation Corporate actions Reconciliations Client reporting

12. The power of thought Misys 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

13. The power of thought Misys 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

14. The power of thought Misys Asset Management Systems Quasar 6 - Usability and workflow To this ….

15. The power of thought Misys Asset Management Systems Putting the Quasar 6 vision into practice 3 tiered technical architecture Quasar Passport  3rd Party System  Middleware 3 rd Party Report Tools  Workstation,  File (e.g. PDF),  MS Excel & Word  3 rd Party Tools Workstation (Microsoft® IE) Web Server (Java Server Pages) Quasar 6 Business Logic Caché ® Database Quasar Connectors Quasar Enquiries Quasar Query SQL Quasar Open Access Quasar 6 TCP / IP Workstation (Microsoft® IE) Workstation (Microsoft® IE) Tier 1 Tier 2 Tier 3

16. The power of thought Misys Asset Management Systems The future A swing back to integrated systems Rational integration Standards Business process remodelling

17. Misys Asset Management Systems