KONDOR+ 3.3 – WHAT'S NEW - Misys

KONDOR+ 3.3 – WHAT’S NEW
ENTERPRISE TRADE AND RISK MANAGEMENT
FOR THE NEW WORLD OF FINANCE

Kondor+ 3.3 – What’s New
MARKET DATA
PRICING
LIBRARIES
GLOBAL
PRICER/
SOLVER
STRUCTURED
PRODUCTS
DESIGNER
TRADE DATA
PRICING
LIBRARIES
2 Brochure
STATIC DATA
EXCEL
TRADING
KONDOR UX
NEW USER
INTERFACE
EXTENSIBILITY
STRUCTURING
BRANCH
TRADING
SERVICE
GATEWAY
ADVANCED
TRADING
TRADING
CAPABILITIES
INTERBANK
SALES/
TRADING
BUSINESS
PROCESS
CATALOGUE
3RD PARTY
APPLICATIONS
OPENNESS
TRADING
GLOBAL END
OF DAY
PROCESSING
LOCAL
CURRENCY
SWITCH
GLOBAL TRADING
GLOBAL
BOOK
ASSET
CLASS
BUNDLES
ASSET
CLASSES
INSTRUMENT
COVERAGE
KONDOR +
INDIVIDUAL
ASSET
CLASSES FINANCIAL
REPORTS
CASH FLOW
REPORTS
BACK OFFICE
MONITORING
STANDARD
REPORTING
RISK
MANAGEMENT
TRADE
PROCESSING
CONFIRMATIONS/
SWIFT
OPEN CASH
FEES &
COMMISSIONS
DASHBOARD MANAGEMENT
OPEN
REPORTS
CVA
MANAGEMENT
ACCOUNTING
CVA
MANAGER
ADVANCED
REPORTING
SETTLEMENTS
RISKATCHER
ADVANCED
ANALYTICS
COMPLIANCE
MANAGEMENT
3RD PARTY
PLUG-INS
P&L EXPLAIN
TREASURY
MANAGER
COLLATERAL
MANAGER
KONDOR+
INSIGHT
COMPLIANCE
SERVER
MARKET
LIMITS
MANAGER
MARKET
CONFORMITY
MANAGER

Kondor+ 3.3 – What’s New
KONDOR+ 3.3
Better than ever, built for the future
Renowned for its best in class reliability and
efficiency, the world’s leading trade and risk
management platform now offers a wealth of
new features.
Kondor+ continues to evolve rapidly as we add
new functionality and enhance the architecture
of our premiere product. Kondor+ 3.3, the latest
version, now offers even more comprehensive
asset class coverage, from rate derivatives
to commodities.
In the back office, new features include commodity
instrument coverage such as over the counter
(OTC) and listed options, commodity swaps
and cash commodities. In addition, a generic
confirmation matching module has been added
as an alternative to the standard SWIFT interface.
The new back office dashboard offers greater
ergonomics, transparency and control across
all back office operations including trade
confirmation, trade settlement, accounting
and regulatory reporting.
We have also expanded our partnerships with
global technology leaders, including Microsoft
and HP. This means that with Kondor+ 3.3 our
customers can benefit from the latest advances in
computing technology delivering unrivalled price
and performance advantages. Our platform
support has been expanded to support MS SQL
Server, Red Hat Linux OS, and grid-computing.
Powerful insights, better decisions
Kondor+ 3.3 now features a new and powerful
unified user interface for all reporting, consolidating
all internal and external data sources within a
single screen, to help customers build new value
propositions, such as P&L Predict, and make
better informed decisions faster.
New features of Kondor+ Insight include:
• Flexible aggregation and filtering in real time
within a single and highly configurable user
interface, including a powerful algebra editor
• Better efficiency – source data from Kondor+
and any external systems, then monitor and
fine tune reporting activities
• Valuation consistency – Kondor+ 3.3 generates
complete market data snapshots for all
computation tasks, and maintains these
snapshots cached for consistency of the
subsequent simulations or late deals
• Greater performance and scalability – all
computation and market data management tasks
are now delegated to dedicated servers, which
can perform these much faster on behalf of all
users, taking the full advantage of parallel
processing. The server side provides powerful
tools for flexible rule-based report scheduling
and monitoring. These computations are logically
separated from the on-line trading database to
avoid interference with trading and position
management activities. The computation results
are stored in an in-memory hyper-cube,
accessible by users via Kondor+ Insight front-end
or third-party applications via an open API
Brochure
3

Kondor+ 3.3 – What’s New
Empowering the front office
For the front office users, Kondor+ 3.3 now offers
further and significant improvements in ergonomics
and simplicity of use. There is the ability to provide
a high degree of configurability and flexibility of
end-user screens down to individual user profiles,
without the need for local customizations and
workarounds while maintaining the high efficiency
of standard upgrade product path. This is all core to
our User Experience strategy. Over the last 3 years
we have introduced numerous features, such as
Easy Workspace and Workflow, DealFlow, which
allow our customers to easily tailor the Kondor+
user interface to their requirements and workflows.
The combination of these tools form Kondor UX.
Kondor+ 3.3 expands this toolkit by introducing:
• Conditional workflows – addition of business
rule logic to Easy Workflow, which allows users to,
for instance, automatically populate trade tickets
when capturing the commodity short name or
fetch-yield curves when capturing currencies;
• Screen designer – ability to tailor standard
Kondor+ trade capture screens, including default
and visible fields, trade capture sequence, and
include user-defined custom fields
CVA compliance
The new regulatory requirements for Credit Value
Adjustment (CVA) computations are coming into
force as of January 1, 2013. Kondor+ 3.3 helps our
customer to ensure full compliance with these new
regulatory requirements, including managing CVA
at the pre-deal level and at the reporting level, so
that the P&L is impacted by the CVA charges.
Pricing & analytical openness
For banks wanting to consolidate their pricing and
analytical capabilities, Kondor+ 3.3 gives the choice
of using external pricing libraries, curves and market
data sources as well as integration with in-house
proprietary sources. New feature provides the
ability to replace Kondor+ pricing analytics with
proprietary or third-party libraries. Once this
mapping is changed using simple to use, highly
intuitive tools, this will take effect consistently at all
steps of trade life-cycle including pricing, reporting
and back office revaluation.
4 Brochure
Extended asset class coverage
Kondor+ 3.3 builds on its leadership in Foreign
Exchange (FX), Money Market (MM) and fixed
income trading with comprehensive coverage for
commodities and structured products. New
features include:
Commodities
• Listed options, OTC options and cash
• Real-time position keeping & revaluation,
commodities stock management, P&L and P&L
Explain, and risk management
• Deal validation and confirmation, payment and
settlement, accounting, margin call process,
and revaluations
Structured products
• Improved usability to accelerate product design,
including customizable greek formulas
• Faster front-to-back configurations, and new term
sheet generation capabilities
• Support for inflation and commodity market data
• Comprehensive coverage of pricing libraries from
Numerix, Pricing Partners and new Kondor+
pricing libraries (SABR, HW1F)
• Easy integration of any pricing models
• A powerful and flexible scripting language for
deterministic pricing
New rates model
Re-engineered Hull & White 1 Factor model for
fast and accurate pricing of Bermudan Swaptions
and Callable Bonds.
New features include:
• Hull & White volatilities calibrated at deal level
at 0.012 seconds/pricing
• Back tested on approximately 800 dates and 200
swaptions with no error on 140,000 pricings with
more than 2bps of implied volatility
• Most commonly-used model for Bermudan
Swaptions, with delta/vega hedge equivalent
at both deal and report levels

Kondor+ 3.3 – What’s New
Simplifying back office operations
We continue to improve our back office
functionality and architecture.
New back office features include:
• Settlement choice – Kondor+ 3.3 includes a
generic confirmation matching module as an
alternative to the standard SWIFT interface
• New functionalities – fees and commissions
module, position enhancements, audit trail,
settlement & delivery matching, and free fields
for customer-specific business objects and
static data
• Extended asset classes – support for
commodities and mutual funds
• New tools and standard configurations to deliver
faster implementations
• Better integration – front-to-back validation
blotter, easier back office revaluations, and better
workflows for structured products
• Significantly improved front-to-back throughput
and ability to handle peak volumes in a full STP
environment (comprehensive benchmark results
will available soon)
Embracing the latest technologies
Kondor+ 3.3 introduces a modern service-oriented
architecture that further improves the flexibility and
openness of the product.
New features include:
• All essential Kondor+ 3.3 functions, including
pre-trade analytics, simulation, trade capture and
processing, and reporting can now be invoked by
other applications, such as client web portals or
Microsoft Excel, by the means of Kondor+ Service
API, which is available to customers as a collection
of Java classes or and Enterprise Service Bus
• Extended platform and infrastructure support,
including grid computing, Redhat Linux OS,
Microsoft SQL Server 33 SP1 and Sybase 15.5,
DACS compliance and XML
6 Brochure
Multi-curve management & CSA
discounting
Kondor+ 3.3 now includes a multiple-curve module
to calibrate yield curves coherently and flexibly.
New features include:
• Discounting curves can now be calibrated easily,
taking into account CSA agreements as
parameter for curve assignment
• Dedicated curves can be built in accordance with
underlying tenor - deposits, futures, FX points,
FRAs, swaps, single-currency basis swaps, and
cross-currency basis swaps
• Differentiate funding curves for counterparties
with and without collateral agreements (Libor vs.
OIS discounting)
• Calculate risk exposure for all market data inputs
Global treasury support,
worldwide expertise
Kondor+ 3.3 now provides even better support
for cross-border global trading and ‘follow the sun’
book management.
New features include:
• Extra trading hierarchies – Kondor+ 3.3 includes
region and entity as two additional hierarchies
above the branch level
• 24/7 availability – optimized batch and revaluation
processes for continuous FX and MM trading
• Cash flow reporting with ‘as of’ versioning and
historical market data

Kondor+ 3.3 – What’s New
KONDOR+: EXCELLENCE DELIVERED
Outstanding performance, incredible speed.
Kondor+ now supports the fastest, most efficient business technologies
available today. It means your business can execute more trades, front
to back, while maintaining complete control over the process, maximising
revenues and minimising risk. Kondor+ delivers a significant step up in
speed and performance with the help of our partners.
Microsoft
Fast, reliable, secure and affordable: Kondor+ on the SQL Server platform
In a challenging and rapidly evolving environment, having the right tools is essential.
Financial institutions need fast, reliable, secure and affordable technology solutions
in order to survive and thrive, which is why an alliance has been formed with Microsoft
to offer Kondor+ on the SQL Server platform.
Microsoft and Misys share a common vision centered on delivering the most highperforming
and dependable solutions for mission-critical applications, and the two
companies have worked together to offer financial institutions of all sizes a simplified
and flawlessly interoperable solution for trade and risk management.
When banks around the globe deploy Kondor+ on the Microsoft SQL Server platform,
they benefit from SQL Server’s high levels of performance, availability and security;
easy-to-use management and application development tools; and self-service business
intelligence (BI) tools that allow them to gain valuable insight into their processes and
customers. Kondor+ on the SQL Server platform equips banks with a world-class,
future-proof solution for streamlining operations, reducing risk, improving speed
and lowering TCO.
HP
Kondor+ running on HP ProLiant servers with Red Hat Linux is an advanced trade and
risk management solution that allows you to manage all global trading activities on a
single, flexible, standards-based platform. Powered by the latest Intel ® Xeon ® Processor
technology, HP ProLiant DL980/DL580 servers are designed to break through the
boundaries of scale-out computing with the ability to handle the largest and most
challenging applications and workloads. With the goal of fast, easy deployments that
can be customized and grown on demand, ProLiant DL980/DL580 servers maximize
performance and efficiency. The HP ProLiant DL980 is the ideal choice for supporting
Kondor+ in a large enterprise environment, and the DL580 is well suited for small to
midsize deployments.
Public Resources
Microsoft Mission
Critical Enterprise
Microsoft SQL
Competitor Compare
How to Engage
Emma Cloney, Global
Alliance Manager,
Worldwide Financial Services,
Microsoft Corporation
E-mail: emmaclo@microsoft.com
Contact your HP
representatives today and
arrange for an assessment
of your IT environment.
www.hp.com/go/proliant
Brochure
7

MISYS RECENT MARKET RECOGNITION
NUMBER ONE TRADING SYSTEM
TECHNOLOGY PROVIDER
RISK TECHNOLOGY RANKINGS 2011
Number One Overall Trading System
Number One Pricing and Analytics – Equity
Number One Pricing and Analytics – Infl ation
NUMBER ONE RISK MANAGEMENT
TECHNOLOGY PROVIDER
ASIA RISK TECHNOLOGY RANKINGS 2011
Number One Overall Risk Management
Number One Trading System – Equities
Number One Trading System – Foreign exchange
Number One Trading System – Interest rates
Number One Derivatives pricing and risk analytics – Equities
Number One Derivatives pricing and risk analytics – Interest rates
Number One Derivatives pricing and risk analytics – Hybrids
Number One Support services – Implementation effi ciency
STRUCTURED PRODUCTS
TECHNOLOGY RANKINGS 2011
Number One Trading System – Equities
Number One Trading System – Interest rates
Number One Pricing and Analytics – Equities
ABOUT MISYS
Misys is at the forefront of the fi nancial software
industry, providing the broadest portfolio of
banking, treasury, trading and risk solutions available
on the market. With 1,800 customers in 120
countries our team of domain experts and partners
have an unparalleled ability to address industry
requirements at both a global and local level.
Misys and the Misys “globe” mark are trade marks of the Misys group
companies. Copyright© 2012 Misys. All rights reserved.
48000000
STRUCTURED PRODUCTS
TECHNOLOGY RANKINGS 2012
Number One Trading System – Credit
Number One Trading System – Cross Asset
Number One Trading System – Foreign Exchange
Number One Trading System – Rates
Number One Risk Management – Collateral Management
BEST TRADING PLATFORM BACK OFFICE
ASIAN BANKER TECHNOLOGY AWARDS
LEADING SINGLE TECHNOLOGY
PLATFORM – PORTFOLIO, TRADING
AND RISK MANAGEMENT
HEDGE FUND JOURNAL AWARDS 2011
BEST RISK MANAGEMENT INITIATIVE
ASIA ASSET MANAGEMENT AWARDS
Misys was formed by the merger of Misys with
Turaz, which includes the award-winning Kondor+
product line. Combined they are able to address
all customer requirements across both the banking
and trading book businesses. Misys is the trusted
partner that fi nancial services organisations turn to
for help solving their most complex problems.
Find out more at www.misys.com