Summit upgrades flagship product for thin client era

Summit upgrades flagship product for thin client era

Misys subsidiary Summit Systems has launched Summit FT, a newly-developed flagship product designed to exploit the latest Web services and thin client technology in the fixed income, treasury, derivatives and commercial lending markets.

The initial release delivers a full suite of FX trading applications with real-time pricing, rules based workflow and exceptions handling, Crystal reports integration, integrated MS office applications, in addition to a user configurable desktop and the Summit eToolkit for user extensions.

The upgrade is already in implementation at two client sites – UniCredit Banca Mobiliare (UBM) and Danske Bank.

Steen Blaafalk, EVP for Danske Bank, says: "We currently have almost 300 users on Summit. Summit FT not only delivers a host of real-time services enabling us to push vital information out to users, but also does so in a simplified environment. This is also the case in the FX areas where we have much higher volumes. The thin-client architecture and zero-touch deployment make the rollout and maintenance of the system very straightforward, meaning that we can deliver all of this extra functionality without the IT overheads."

The vendor says it intends to roll out additional functionality with one new release per quarter, with the next upgrades slated for production in October and December.

Frederique Lecarlatte, product manager for Summit FT says: "Our current development focus is to add further real-time functionality including portfolio cash, bonds and P&L modules."

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