Misys' Latest Version of Summit Runs on Lower-Cost Hardware

Version 5.5 also expands asset coverage and functional depth.

Misys today is releasing version 5.5 of its Summit FT software. According to the vendor, this version uses lower cost platforms, such as Intel and Linux, and thereby provides a lower total cost of ownership. Misys says it has invested in new modules, integrations, partnership agreements and technology features that grow the systems' cross-asset and front-to-back coverage.

Integration with Misys Risk solutions and Misys Loan IQ, its market leading lending solution, extends the coverage of Summit FT.

Misys has signed agreements with Triple Point for commodities, IBM for BI tools, SmartStream for reconciliations, Bloomberg for market data and has extended its partnership with Numerix for sophisticated pricing tools.

The new version comes with deeper support for FX Options trading desks with the addition of features to provide improved deal negotiation, pricing, position management, hedging and risk management.

A new reporting and analytics module for enhanced business intelligence provides a fast and flexible data warehouse with report creation and execution framework through a partnership with IBM. It gives users additional flexibility and power to create reports and dashboards for front-office computed dimensional data related to risk and P&L, or operational data such as trades, transactions, exceptions, documents, settlements and accounting.