London - Summit Systems, a subsidiary of Misys plc, announced today that it had been voted the leading system in the Risk Magazine Technology Rankings survey. In addition to topping the poll in 5 categories, the capital markets software vendor achieved a second place in four additional categories and was the number one ranked vendor overall. Risk Magazine, a publication of Incisive Media plc, will publish the full results in its December edition and this will be followed by a formal ceremony in February 05. The survey’s aim was to rank technology vendors in the risk management and derivatives market. Risk subscribers plus customers of the software vendors made up the 370 voters who were free to recommend any software firm in 30 categories.
Summit came first in the following categories:
- trading system cross asset
- trading system interest rate derivatives
- trading system structured products
- front to back office system cross asset
- front to back office system structured products;
and second place in:
- market risk
- trading system credit derivatives
- trading system analytics cross asset
- front to back interest rate derivatives
Hervé Baulme, CEO of Summit Systems says, "I would like to say a big thank you to all Summit clients who voted for us. Summit’s multi-asset class solution continues to set the industry standard for capital markets systems, both in terms of advanced technology and functionality. Summit started out in 1990 as an interest rate derivatives system and over the past 14 years we have broadened the coverage to become number one cross-asset. Many of our clients are looking to rationalise their systems and reduce costs by using Summit across more business areas. Summit is well poised to take advantage of this trend."