| China Everbright Bank Selects Misys’ Trading and Compliance Software |
| March 1, 2008 Category: Technology |
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China Everbright Bank has signed a deal with Misys to install advanced trading and compliance software solutions in its treasury & capital business.
As part of a drive to boost trading risk management, the move is a response to growing market demands set by higher volumes of trades and the increasingly complex compliance regulations. Following a strategic review, China Everbright is replacing existing software systems with the new solutions from Misys to handle multi asset class instruments including derivative products across its front, middle and back office integrated operations, to meet the requirements of the government’s regulations Misys Summit FT is Misys’ market-leading treasury and capital markets solution offering cross-asset trading, risk and STP for vanilla to complex structured trades. China Everbright will focus on implementing the interest rate, credit, equity and foreign exchange modules. The bank is also taking Eagleye, a powerful and flexible platform offering an integrated trading and risk monitoring service delivering an environment of protection. The system will provide China Everbright with an ability to monitor adherence to mandates, regulations, policies or any restriction, and as such helps to reduce credit, market, and operational risk. More News
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