Société Générale Takes Misys Summit FT

Technology vendor Misys has announced that Société Générale is now live on Summit FT, its front-to-back cross-asset trading software.

Société Générale has taken Summit FT on a software-as-a-service (SaaS) basis. The platform supports a wide range of tradable products, from derivatives through to structured products, fixed income, commodities, foreign exchange and equities.

"Our global clients are increasingly looking for a managed services solution as a way to address hardware maintenance costs and the growing pressure to reduce expenditures," says Rick Salk, regional director at Misys. "Transferring the risk and overhead associated with maintaining system operations to a third party enables organizations to shift their focus to core activities, including growing their business. With Summit FT SaaS, clients have access to all of the sophisticated features available in the installed version of Summit FT, along with their desired level of customization."