Trading systems vendor Summit is reporting a hatrick of recent upgrades at existing customer installations in Italy and Denmark.
Milan-based FinanzAttiva Sim, part of the Banca Popolare di Bergamo-Credito Varesino banking group, has added support for exotic equity swaps and complex structured bonds to its existing STP suite of Summit front-to-back office applications.
The upgrade order follows a similar deal with near-neighbour UniCredit Banca Mobiliare (UBM), which recently added real-time STP capabilities, real-time hedging, credit and commercial lending instrument support, and a new Internet toolkit to its existing Summit installation.
Seperately, Denmark's Danske Bank has also added new front office modules to its existing Summit back-office software infrastructure, encompassing the bank's users sites in London, New York, Copenhagen, Helsinki, Oslo, and Stockholm. New capabilities include real-time/high volume forex trading, a real-time incremental hedge position server, tools for customising applications, real-time STP workflow monitors, and license support for a total of 275 concurrent users.