China Everbright Bank is rolling out trading and compliance software from British banking systems vendor Misys across its treasury and capital business.
Misys says China Everbright is replacing legacy systems with its treasury and capital markets product, Summit FT and trading and risk monitoring software, Eagleye. The move is part of a drive to boost trading risk management in response to higher trade volumes and increasingly complex compliance regulations.
The software will be used to handle multi-asset class instruments, including derivative products, across front, middle and back office operations. Misys says China Everbright will implement Summit FT's interest rate, credit, equity and foreign exchange modules. In addition, the bank is installing the Eagleye platform for integrated trading and risk monitoring.
The software will help China Everbright reduce credit, market and operational risk by monitoring adherence to mandates, regulations and policies, says Misys.
Commenting on the deal, a China Everbright spokesperson says: "The Misys Summit and Eagleye solutions will provide sophisticated front to back integrated support for our derivatives business and we'll benefit from more streamlined operations, better risk management across all sectors and the ability to handle more trades."