China’s Bank of Communications has implemented Misys Summit FT, a .NET treasury and capital markets solution, as part of its new strategic focus on exotic and structured products.
Driven by deregulation and the birth of the derivatives market in China, Misys Banking Systems has seen substantial growth in the treasury and capital markets.
Bank of Communications said that, since implementation, Misys Summit FT has enabled the bank to enter new markets more rapidly and streamline a number of services including pricing, market to market, deal capture and risk management, such as value at risk calculations.
A bank representative said, The ability to handle new complex trades in the marketplace was central to our decision to select Misys Summit FT. I am pleased to say that we have recently gone-live and are using the fully integrated Front Office and Middle Office elements of Summit FT to support our trading books in FX options, interest rate derivatives, fixed-income derivatives and multiple underlying structured trades.