HDFC Bank chooses Misys for rates derivatives

HDFC Bank in India is going live with Misys Summit to process interest rate and currency derivatives at the end of this year. HDFC and UK technology provider Misys are also in discussion to use the system for equity and credit derivatives. “We have grown significantly since starting operations a decade ago, and we aim to maintain that growth and ensure we remain an innovator in the Indian and global markets,” says Sudhir Joshi, Mumbai-based treasurer of HDFC Bank. Joshi says Misys Summit wa