FCTM to implement Summit trading and analytics software

FCTM to implement Summit trading and analytics software

Japan-based risk management outfit First Chicago Tokio Marine Financial Products (FCTM) is to implement a front-to-back office trading software solution from Summit Systems.

FCTM, a joint venture between US-based Bank One Corporation and the Tokio Marine and Fire Insurance company, says Summit’s integrated, real-time STP platform will help reduce costs and inefficiencies.

Hans Janssens, deputy chief executive officer at FCTM says: "To continue providing the kinds of risk management services and products customers demand, it was imperative that we invest in cost-efficient software with leading-edge, end-to-end capabilities across a wide range of asset classes."

Trading capabilities will include support for listed futures, OTC options and derivatives and credit instruments. Parametric Delta/Gamma/Vega VaR and optimised Monte Carlo VaR lead the list of risk management analytics, while Summit’s STP workflow servers manage trades and portfolios maintained within the system.

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