Securities Processing Platform

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Securities Processing Platform megara suite

megara is a global securities processing platform which has enabled the successful automation of the middle to back office tasks of major banking institutions in 18 countries.

It provides an end to end process from trade capture through settlement to post trade accounting.
Originally designed in 1996 with the assistance of both JP Morgan and Euroclear consulting resources, megara has been installed in both local custodians with local market connectivity issues and also at custodians with a global custody approach i.e. cross border processing of events via a network of sub- custodians.

It has also been installed at brokerage firms, central bank, private banking institutions and investment managers.


 

Resulting from Vermeg's continuous commitment to the securities processing industry and the compliance of its solutions with the Securities Market Practice Group guidelines, the system was awarded the SWIFTReady Gold Label in the Securities Settlement category as early as 2002 and was the first system in the world to be awarded the Corporate Actions label in 2003. These accreditations have been reconfirmed every year since.

megara suite is a Java EE platform powered by the productivity framework Palmyra. It offers high scalability and high availability capabilities. Megara can be delpoyed on various hardware configurations and operating systems.


Securities Processing Platform megara suite

 
  • megatrade: Order Management system supporting the mid/back office processes of all types of trades.
  • megacustody: Streamlines the Clearing & Settlement process of the trade.
  • megacor:  Manages the entire chain of Corporate Actions processing from data cleansing to final execution and market claims.
  • megacash: Cash Management system supporting the cash operations of security services including cash money transfers, forex transactions and cash account keeping.
  • megalend: Supports Lending / Borrowing & Repo operations.
  • megafd: Fund liabilities management system offering integrated fund distribution and transfer agency businesses.
  • megacommon: Centralizes all master reference data that are required by securities back offices and shared over all megara systems and sub systems.

megara® is composed of business modules, each of which may be implemented on a stand-alone basis, interfacing with existing legacy systems or together as an integrated whole package.
All the modules share the same core that includes common functionalities (Static Data, Position Keeping, Accounting, Fiscal and Fees Management) as well as connections to services such as SWIFT, CSD, or data feed providers.

Highlights:

  • Supports retail & wholesale context
  • Supports domestic and international back-office
  • Full STP processing, workflow approach
  • Real-time processing
  • Connection with CSD: Euroclear, Iberclear, Strate…
  • Web-based access for users and clients
  • Multi-lingual support
  • Full SWIFT capability
  • Multi-entity and global processing support into a single environment
  • High volume capability

Megara

Megara

Securites Processing Platform