Email Contact Phone Company Visit Website

Finastra - Global Headquarters Head Office

4 Kingdom streetPaddingtonLondon W2 6BDUnited Kingdom
London
GB

Finastra - North America Headquarters Head Office

199 Bay Street Suite 4400Toronto ON M5L 1E2Canada
Toronto
Ontario
CA

Finastra - New York Office

285 Madison Avenue4th FloorNew York, NY10017United States
New York
NY
US

Finastra - Singapore Office

5 Shenton Way#12-01/04UIC BuildingSINGAPORE 068808Singapore
Singapore
SG

Finastra - United Arab Emirates Office

11th Floor Arenco Tower. Media CityPO Box 29561DubaiUnited Arab Emirates
Dubai
AE

Finastra - Florida, US Office

744 Primera BlvdSuite 2000Lake Mary, FL32746United States
Florida
FL
US

Telephone

0207 549 4764

Contact

Suzanne McLaughlin
[email protected]
Back to all Finastra announcements

SUMMIT VERSION 3.2 CONTINUES RAPID PACE OF BUSINESS AND TECHNOLOGY INNOVATIONS

New York, NY, October 31, 2001 ΠSummit's newest version of its market-leading transaction processing platform provides a host of new business and technology benefits.
With rollout in 4Q 2001, Version 3.2 builds upon architectural improvements made in Version 3.1 to deliver major advances in product support, trading functionality, risk management, and connectivity.
The new release represents another major milestone in the compan's long-term strategic goal of providing seamless, front-to-back transaction processing support for customers with fixed income,treasury, derivatives, and commercial lending businesses.
Major business functionality improvements in Version 3.2 include:

*New Product Support Πintroduction of equity options and front-to-back support for Credit Spread Options and Callable Repos

*Enhanced FX Trading Œ Summit™s FX Trader Workstation adds fully integrated support for FX Forward Time Options, which includes real-time FX position management and full integration into Summit Risk Analytics and Accounting Engines

*Commercial Lending Πexpanded to allow credit agreements to be captured and managed from multiple perspectives

*Capture of Trade Conversations Πtrade conversations associated with incoming trades from Reuters Dealing 2000/3000 are now captured within Summit

*Refined FAS 133 Features Œ ease-of-use improvements were made to Summit™s suite of FAS 133 compliance and testing tools

*Real-time Incremental Hedging Œ the Phase I release of Summit™s RT Hedge Server performs start-up hedge calculations on sets of user-defined trade portfolios, then maintains real-time hedge position data by incrementally recalculating the overall hedge results whenever portfolios are modified. A real-time position viewer application allows any or all users see hedge positions evolve over time.

On the technology front, Version 3.2 introduces:

*New IBM® WebSphere® MQ Series Adapter Œ a new real-time data adapter provides Summit clients with a versatile, generic method of importing trades from external trading platforms that publish trade data to a WebSphere MQ system queue Summit Systems, Inc. is a recognized worldwide leader in providing front-to-back transaction processing support for fixed income, treasury, derivatives and commercial lending businesses.It provides integrated trading, operations and risk management software to banks, financial institutions, and capital markets participants worldwide. Summit, with headquarters in New York and full-service offices in Paris, London, Frankfurt, Tokyo, Hong Kong and Sydney, is a wholly owned subsidiary of Misys plc, the world leader in banking software solutions.