Western Australian Treasury Corporation (WATC) has implemented Summit Systems' front and middle office risk management tools to support its treasury operations.
Summit is providing WATC with comprehensive support for a diverse array of trade types, including bonds, repos, IR derivatives, futures, FRAs, money markets, FX, and FX options.
Alison Posney, branch manager at Summit’s Sydney office, explains: “Bi-directional XML messages are employed to pass new trade data and status updates instantly between Summit and legacy back office, accounting, and lending subsystems. Summit’s API tools have been employed to fine-tune system functionality for specific local requirements, and WATC uses Summit’s data warehouse product to greatly improve the ease and speed with which customised reports can be generated.”