Misys Summit FT V5.4 Expands Risk and Compliance Coverage

New Market Risk Limits Module and Integration With Misys Eagleye Maximises Risk Control for Summit Customers

Misysplc (LSE: MSY), the global application software and services company, today announces the release of version 5.4 of its leading treasury and capital markets solution, Misys Summit FT. The release responds to market volatility combined with the need of customers to monitor and manage risk tightly with the introduction of two new solutions for Summit customers.

The new Market Risk Limits Module for Summit FT builds on the current, extensive coverage of limits. It provides banks whose primary dealing system is Summit with a single solution approach. Alternatively, banks that allocate credit and market risk limits across multiple trading systems can now benefit from Misys' enterprise-wide monitoring and control platform, Misys Eagleye, with the introduction of an out-of-the-box interface from Summit FT. Lastly, banks may combine Eagleye and Summit Market Risk Limits where market risk limits are allocated by business unit and credit limits are allocated and monitored across the enterprise.

The Summit FT Market Risk Limits module has already been selected by seven Misys customers. The solution is designed to manage risk limits enabling real-time monitoring, control and action against limit breaches in a wide selection of Summit applications. It monitors a multitude of numbers including positions, risk indicators and profit and loss ensuring that trading activity is scrutinised and controlled as it happens. Limits and breaches are displayed in the blotters of Summit on a real-time basis along with pop-ups alerting to critical issues.

The out-of-the-box Misys Summit FT interface to Misys Eagleye has already been selected by three customers. It provides banks with multiple capital markets applications with an extensible solution that provides a wider view of activity across all trading platforms. Misys Eagleye provides a control layer above a bank's many systems monitoring exceptions as well as distributing this information via alerts and dashboards around the bank.

Larry Mitchell, VP Solutions Management, Treasury & Capital Markets, Misys, comments: "We strongly believe financial institutions need to have complete transparency of their business risks through instant notification of exceptions to business defined rules, so that appropriate decisions can be made in a timely manner. Through our choice of solutions our Summit clients have been provided with the capability to proactively monitor within Summit and across other applications. Our core focus at Misys is to deliver integrated solutions to customers for true consolidation of risk management measures."