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BRIEF TRANSMISSIONS
BZW, the global investment banking subsidiary of the Barclays Bank group, has signed a global deal with Summit Systems, Midas Kapiti International's New York-based derivatives and risk management systems development subsidiary. BZW has a reputation for developing its own trading systems technology. The past few months have seen major changes within the bank's senior technology management, however, and sources say the Summit deal may indicate a shift in BZW's IT position on using systems supplied
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