The Misys Summit real-time foreign exchange module is designed to handle high volume, global FX trading. It smoothes the whole trading process giving you complete position control. With its customizable user interface and composite screen, you can book trades and manage currency positions in real-time (either on a consolidated level or via ladders for individual currency pairs). As soon as deals are written, the system automatically up-dates positions and constantly tracks items such as credit line usage and risk positions.
Instrument coverage
Misys Summit 's real-time FX environment handles a wide variety of trade categories and subtypes:
- FX spot, forward, swap, FX futures and FX options
- Non-deliverable forward and time options
Real-time position viewers and blotters
Misys Summit helps you to manage multi-currency forex positions and exposures. The real-time FX trade blotter gives immediate access to view and amend trade details. A trader can even run Microsoft Excel within the system container for additional analysis. Misys Summit provides extendibility tools so that you can customise virtually any aspect of the system.
Key features
- User customisable quick trade entry to enter trades directly into Misys Summit
- Misys Summit also interfaces seamlessly to Reuters Dealing 3000 and EBS - so no re-keying of information is necessary
- Built-in calculators for determining margin and fee amounts, rates and schedules
- Hedging - all positions can be translated into futures, spot or on-the-run gap equivalents
- Fully configurable online limit checking
- Automatic market rate derivation
- Easy position splitting and transfer, with full control of amounts and rates
- Built-in drilldown capability for quick viewing and amendment of trade details by day or by trade
- Complete control over market feeds and curve generation methods
- Net Present Value or Mark to Market pricing methods
- 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 Excel and Excel from Misys Summit
Risk management
Misys Summit provides powerful risk analysis of portfolio and positions. You can view "what-if" scenarios, risk and exposure on FX swaps, FX cash positions and analyse P&L decomposition and all in real-time.
Automatic post-trade STP
All post-trade operations including reporting, confirmations and payments are performed automatically following definable business rules. With most transactions requiring no intervention, action is only required to the trades that produce exceptions.
