Wall Street Letter VOL. XLVI, NO. 7 - July 2014 | Página 13

JULY 2014

The multinational vendor of
software for capital markets and
investment management offers IBOR
functionality through its Sophis
VALUE platform. Misys has seen a
resurgence of interest as buysiders realize the need for a central repository
of all trade data, said Bsat.
Firms currently manage the IBOR
process using Excel or legacy data
repositories, he explained.
“Despite the Sophis VALUE IBOR
eventually becoming real-time, the
challenge is the formatting of how
data gets into SOPHIS and ensuring it
is done in real-time basis,” said Bsat.
“We are working to have the protocol
more standardized in the front office
with FIX and FPML messages, so we
have to ensure that data going into
the IBOR is streamlined.”
He noted that traders and technologists are looking for lower latency and
additional straight through processing
functionality, Bsat noted.
“We’ve determined what IBOR is
and what problem is there to solve.
We have to ensure that the IBOR is
implemented through Sophis VALUE
in a way so that it is a central repository for trade data,” said Bsat. “There
will be work to get data in real-time
into the IBOR. All of the tools at our
disposal will be dedicated to making
it more streamlined and standardizing how data feeds are built.”
EXCHANGES & ATSs

CBOE to allow
for more price
adjustments
The Chicago Board Options Exchange
has plans to amend its rules for price
adjust