05/19/03
BRIEF OBJECTS
BANCA AKROS TAKES SUMMIT TRANSACT
Milan-based Banca Akros, the investment-banking arm of Banca Popolare di Milano Group, has selected Summit’s Transact ASP (application service provider) platform for foreign exchange (FX) cash and FX options trading, market making and risk management, Summit officials said last week. The new FX capabilities join the interest-rate derivatives processing services Transact ASP currently provides to the bank. Summit officials decline to identify the incumbent system
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