BankBoston Taps Summit To Support Derivitives Traders

- WatersTechnology Staff
- 02 Sep 1996

BankBoston has installed a suite of interest rate derivatives trading software from New York-based Summit Systems. The bank is currently running Summit in parallel with its existing proprietary derivatives applications, but plans to switch over completely to the new software by the end of October.

Traders will use Summit to support a variety of interest rate derivatives including swaps, caps/floors, swaptions, futures, FRAs and exotics. The bank also plans to extend its Summit installation to

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