Misys Banking Systems, based in London, has released a credit derivatives module for its Summit FT platform to handle the growing size and complexity of the credit market.The redesigned platform will be able to handle more complex instruments, such as synthetic collateralised debt obligations and asset-backed security credit default swaps (CDSs), and will also manage the high volumes of CDSs more efficiently.
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.”
Sign up for Risk.net email alerts
UK, 25th - 26th Feb 2014
USA, 27th - 28th Feb 2014
UK, 5th - 6th Mar 2014
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.
Updating your subscription status
Risk iPad and iPhone Apps