Bank of China Expands Derivatives Trading Effort Via Summit Systems
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BEIJING--The Bank of China has gone live with Summit Systems’ derivatives and treasury trading software, creating the first derivatives trading desk in China for instruments other than currency derivatives, which are used as hedges, Summit officials tell TTW.
The bank, China’s largest, is keen to establish itself as the primary market maker for complex instruments in the nascent Chinese derivatives market, and selected the system to ensure rapid time to market, says Marc Coutelier, manager of
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