Bank of Ireland Global Markets is installing technology from Misys subsidiary Summit Systems to support its new credit derivatives business.
Bank of Ireland originally installed modules from the Summit System in 1999 to support its money markets, fixed income and interest rate derivatives businesses.
The bank says the Summit technology - which will be rolled out at its Dublin headquarters - will provide flexible pricing and integrated risk management and back-office tools that will enable it to establish and grow its new credit derivatives business.
Lorcan Connolly, head of IT, Bank of Ireland Global Markets, adds: "The addition of the Summit Credit Derivatives module ensures that we keep all our derivatives business on one platform thus helping us streamline our processes and procedures."