17 October 2017

SEB Merchant Banking extends Summit implementation

23 February 2004  |  3950 views  |  0 SEB Merchant Banking extends Summit implementation

SEB Merchant Banking is extending its implementation of Summit Systems' treasury and capital markets software - which it currently uses for derivatives processing - to include support for a wider range of instruments.

The system will provide coverage across multiple instruments including FX, futures, FRAs and swaps and will be used by SEB to consolidate risk monitoring and identify and capture market arbitrage opportunities.

The package will include Summit's real-time analytics framework which provides immediate updates on the position and exposure of trades. Further analytics provided by the vendor include real-time P&L decomposition and gap analysis.

Furthermore, Summit says SEB will switch to the thin client, Web-based version of the system.

Charlotte Bergwall Nilsson, from SEB Merchant Banking's trading and capital markets, says the firm evaluated software from a number of competing vendors: "Summit has been one of our providers of front-office and risk-management solutions for derivatives since 1996. The excellent track record and relationship over recent years was a key factor in our selection process."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

FHLB licenses Summit system

FHLB licenses Summit system

27 January 2004  |  3323 views  |  0 comments
Bank of China goes live with Summit

Bank of China goes live with Summit

05 January 2004  |  4442 views  |  0 comments
Summit delivers trading system to Inter-American Development Bank

Summit delivers trading system to Inter-American Development Bank

30 October 2003  |  3226 views  |  0 comments
SEB joins Forexster online FX market

SEB joins Forexster online FX market

11 September 2003  |  3463 views  |  0 comments
Summit upgrades flagship product for thin client era

Summit upgrades flagship product for thin client era

09 September 2003  |  3947 views  |  0 comments
SEB Merchant Banking to offer FX trading over EasyScreen

SEB Merchant Banking to offer FX trading over EasyScreen

01 July 2003  |  3559 views  |  0 comments
SEB Merchant Banking joins TradeWeb fixed income platform

SEB Merchant Banking joins TradeWeb fixed income platform

21 May 2003  |  3141 views  |  0 comments
SEB Merchant Banking implements NFS treasury trading interface

SEB Merchant Banking implements NFS treasury trading interface

16 May 2003  |  3637 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.vasco.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15019 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8259 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7714 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7080 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6269 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job