14 Sep 2006, Anna Gordon-Walker, Risk magazine
Misys developed the module by adapting its existing Summit technology for the credit derivatives market – it will now be able to handle bonds, foreign exchange, interest rates and credit, allowing customers to create structured hybrid products.
The platform is also integrated with the Reference Entity Database produced by the US Depository Trust and Clearing Corporation and Markit.
Suzanne McLaughlin, Misys product marketing manager, said of the product: “We wanted to develop a module to handle everything for all products in one. From a technology point of view, we believe this product leads the market.”