In today's ultra-competitive market, financial firms are continuing to look for ways to cut back operational costs while improving time-to-market for their products. Many are turning to managed services solutions – which in turn allows them to focus on building competitive differentiators.
As such, Societe’ Generale has just gone live on the ASP version of Summit FT, Misys’ solution for cross-asset front-to-back trading including derivatives and structured products. “Our global clients are increasingly looking for a managed services solution as a way to address hardware maintenance costs and the growing pressure to reduce expenditures,” said Rick Salk, regional director at Misys. “Transferring the risk and overhead associated with maintaining system operations to a third party enables organizations to shift their focus to core activities, including growing their business.”
Misys’ Summit FT offers cross-asset coverage including OTC derivatives, fixed income, commodities, foreign exchange, equities and structured products, enabling global investment banking customers to manage the complexity of today’s financial markets including central counterparty clearing.