Misys, an application software and services company, has released version 5.4 of its treasury and capital markets solution, Misys Summit FT. The release responds to market volatility combined with the need of customers to monitor and manage risk more tightly.
The new Market Risk Limits module for Summit FT builds on the current coverage of limits. It provides banks whose primary dealing system is Summit with a single solution approach. Alternatively, banks that allocate credit and market risk limits across multiple trading systems can now benefit from Misys’ enterprise-wide monitoring and control platform, Misys Eagleye, with the introduction of an out-of-the-box interface from Summit FT. Lastly, banks may combine Eagleye and Summit Market Risk Limits where market risk limits are allocated by business unit and credit limits are allocated and monitored across the enterprise.
Seven Misys customers have already selected the Summit FT Market Risk Limits module. The solution is designed to manage risk limits enabling real-time monitoring, control and action against limit breaches in a wide selection of Summit applications. It monitors a multitude of numbers including positions, risk indicators and profit and loss ensuring that trading activity is scrutinised and controlled as it happens. Limits and breaches are displayed in the blotters of Summit on a real-time basis along with pop-ups alerting to critical issues.
Larry Mitchell, vice president solutions management, treasury & capital markets, Misys, said: “We strongly believe financial institutions need to have complete transparency of their business risks through instant notification of exceptions to business defined rules, so that appropriate decisions can be made in a timely manner. Through our choice of solutions our Summit clients have been provided with the capability to proactively monitor within Summit and across other applications. Our core focus at Misys is to deliver integrated solutions to customers for true consolidation of risk management measures.”
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