Misys presented with "technology innovation of the year" award for Misys Summit MUST

London, 4 November – Misys Banking Systems is delighted to announce that it has been presented with an award for technology innovation for Misys Summit MUST from Structures Products Magazine. Paul Lyon, the editor, announced the results at their annual dinner in London on 2 November. The editorial panel of Structured Products Magazine researched and selected the winning companies with only one award being applicable to software solutions; the remaining categories focused on rewarding innovation and excellence within the financial participants of the structured products market.

Bella Polsky, Product Director for Front Office Development, within the Misys Summit product centre, accepted the award, "This distinguished award is fantastic news and a huge endorsement to the considerable R&D that has been invested in the product. We identified a gap in the market around three years ago and started to develop a tool - alongside customer partners - that would help financial institutions bring new structures to market, quickly. All that was available back then was Excel, and with growing volume and complexity in the market, this was becoming a time consuming and potentially risky solution.

With Misys Summit MUST, financial institutions can conceive and trade complex, multi-underlying structures and build them without custom programming. When a deal is done, the tool will then process the trade using the same workflow, documentation and risk routines as any vanilla

Going forward we have a solid development plan and commitment to the product’s evolution, with particular focus on an innovative approach to handling complex credit derivatives – watch this space!"

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