Bayern LB to Oust 16 Systems
DWT SIBOS SPECIAL REPORT
FRANKFURT—Bayerische Landesbank (Bayern LB) is ousting 16 of its incumbent systems through a single deployment of a cross-asset class trading platform from Summit Systems, according to Summit officials who are slated to make the announcement in time for the Sibos conference in Atlanta this week.
The rollout appears to be an upgrade of an installation of the Summit platform in 1998 for a derivatives and treasury trading, risk management, accounting, documentation and workflow (Trading
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