Bank of China licenses Derivatech for FX options

Bank of China licenses Derivatech for FX options

The Bank of China has licensed Derivatech's dt Compass package, in a deal acclaimed by the vendor as the first FX options risk management software sale on the Chinese mainland.

Bank of China is the first government-approved bank to offer FX options in China.

A bank spokesman says the firm wanted an internationally accepted market solution that could also integrate with its back office Opics package from Misys.

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