Misys have launched the Summit FT V5.2 for managing increasingly complex credit derivatives. This will enable financial institutions to scale-up and meet evolving market demands in both complexity and volume as credit derivatives markets develop at a rapid pace.
Misys Summit FT V5.2 provides a future-proof and adaptive solution for structured credit trade types such as CDOs and default baskets which are now available as standard instruments, supported by a Markit Partners interface. There are new tools for default management – which efficiently manages events and actions subsequent to a default – and advanced market data management to enable improved control of a large number of curves and data.
Misys Summit FT V5.2 increases the transparency of trades by keeping track of intra-day historical data records for market data e.g. yield curve, FX rate, volatility, user and timestamp and to report and show history.
“The increased transparency offered by this solution is highly demanded, particularly with banks in Europe dealing with MiFID compliance,” says Dan Cohen, Product Manager for Misys Summit.