Misys Summit's pedigree as the market-leading derivatives software reflects our success in developing and supporting solutions to meet the exacting needs of this highly sophisticated and profitable market. The system supports virtually any type of deal structure from the simplest to the most highly structured trades.

Misys Summit grows with your needs

Misys Summit is more than just the market-leading derivatives solution. It's easy to add cross-asset-class coverage including treasury, fixed income and commercial lending, extending the system as you need to.

Structured products

Misys MUST makes structuring and processing exotic trades as easy as handling the most vanilla of deals, with the same workflow, documentation and risk routines. It easily manages complex structured deals with multiple cross-asset underlyings including power reverse dual currency (PRDC) swaps, multi-callable dual currency range accrual swaps and multi-currency equity best-of performance linked notes. It also handles more conventional exotics such as TARNs and ratchet caps. Even complex new structures, with hereto unseen features, can be fully integrated into the system without the need for any custom programming.

Real-time positions viewers and blotters

The real-time position applications show bonds and asset swaps alongside the associated derivative positions, giving the complete position and P&L picture. The system also provides automatic asset swap pricing and generation, trade drilldown, built-in calculators and customized reporting. Misys Summit incorporates extendibility tools so that virtually any aspect of the system can be customised.

Automatic post-trade STP

All post-trade operations including confirmations, payments and reporting are performed automatically following definable business rules. With most transactions requiring no intervention, action is only required to the trades that produce exceptions.

Key features

• Customisable quick trade entry for processing high volume deals
• Market data interfaces for a wide range of systems including Reuters
• Automatic trading system interfaces to standard systems such as Bloomberg
• Selection and configuration of pricing models
• Easy to use APIs for in-house pricing, analytics, custom data and in-house reports
• Sensitivity analyses and "what-if" analysis at the trade or portfolio level
• Real-time risk covering desk-level and enterprise risk, including: credit risk and market risk
• Real-time P&L decomposition gives you the ability to slice and dice the P&L down to detailed trade level
• Misys Summit applications can be called from Microsoft Excel and Excel from MisysSummit