Prudential Taps Summit For Global Funding Group

DECISION SUPPORT

Prudential Insurance has gone live with a suite of derivatives trading and risk management applications supplied by Summit Systems, a New York-based operating unit of Midas-Kapiti International. Summit’s applications are being used by derivatives traders at Prudential Global Funding, a subsidiary of Newark, NJ.-based Prudential Insurance. The operation provides structured financial products and services to Prudential Insurance, its affiliates and certain Prudential customers.

Prudential Global

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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