Misys Summit FT offers the broadest OTC derivatives coverage

With 20 years derivatives market expertise, Misys Summit FT meets the exacting needs of this complex market. The derivatives market is evolving post credit crunch and we are committed to meeting the changing market practice needs as the regulations evolve. Summit FT is already compliant with the latest ISDA standards covering standardised coupons. See our recent press release.

The solution supports virtually any type of derivative deal structure from the simplest to the most highly structured trade alongside the deepest functional coverage that manages the complexity of pricing, booking, risk management, back office processing and regulation in one solution.

Interest rate derivatives
Misys Summit FT has remained as a highly regarded solution in the interest-rate space, consistently being voted by readers of Risk Magazine as the top ranking solution in the interest rate category. Coverage includes: many variations of interest-rate swaps, cross currency swaps, range accrual notes, swaptions and caps and floors, FRAs, listed interest rate futures and options, multi-legged exotic and structured products.

Credit derivatives
Our solution for credit derivatives has received industry accolades for it’s innovative approach. The module supports the latest ISDA market standards including Big Bang, Little Bang, North American (SNAC), European and Asian Conventions and integrates with services such as DTCC for confirmation processing and Markit for credit event and market data. The solution offers a tool for high volume credit curve management, pricing model integration and collateral management.
Coverage includes: Single name CDS, index CLN TRS, Tranched index products/basket, Synthetic CDO, Nth to default basket, ABS CDS and CDS option.

FX options
Our FX options module supports sophisticated trading environments with extensive product coverage and dedicated FX option analytics, reports, pricing models with full control over volatility definitions and smile methodologies, plus many other features.
Coverage includes: Vanilla OTC options, exotic OTC options including: single or double barrier, digital options including double and single barrier, digital double knock-ins/knock-outs, a range of touch options, European barrier, Asian / average rate, exchange-traded futures and FX options.

Equity derivatives
Misys has recently launched a new equities platform for our Summit FT solution to provide market leading coverage and a user-friendly environment for trading and effectively managing equity cash and equity derivatives. Equity derivatives desks benefit from Summit’s multi-dimensional, grid enabled real-time risk analysis that handles the most complex equity derivative deals. Structured products that include equity as an underlying can be easily constructed with our Summit MUST module.
Coverage includes equity cash, indexes, equity swaps, repo, futures, OTC and listed options, vanilla and exotic options, structured products.

Commodity Derivatives
Misys Summit captures energy, metals or soft commodities with trade capture and processing available for swaps futures and options. Our structuring tool - Summit MUST - can be used to model complex instruments with a commodity component.

Structured trading
Misys Summit FT includes a unique tool – Summit MUST - that enables organisations to quickly trade any structured product both now and in the future. The solution allows structurers and quants to build the product and deploy it quickly to traders - enabling banks to dramatically reduce time-to-market for new products. Structured Products can be created from multiple underlying assets including: interest rate, credit, bonds, structured bonds, foreign exchange, equity, commodity and inflation.