Dai-Ichi Kangyo Bank Overhauls Mainframe-Based Trading Platform With Devon, FNX And Summit Applications
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TOKYO--Dai-Ichi Kangyo Bank (DKB) is overhauling its trading applications with a global foreign exchange, money markets and derivatives trading system for 200 positions across its Tokyo, New York and London trading floors.
The overhaul appears to be motivated by the need to replace a "fantastically old," mainframe-based system developed in-house, say industry sources. Sources also say the bank has selected separate software packages for each trading area.
The bank has taken a best of breed
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