Summit Systems has launched a new version of its transaction processing modules, with continuing emphasis on STP, Web-based trading, and technology infrastructure. The firm says version 3.3 delivers ‘major advances’ in end-to-end transaction automation along with evolutionary improvements in trading functionality and risk management. Summit provides front-to-back transaction processing support for fixed income, treasury, derivatives and commercial lending businesses. It provides integrated trading, operations and enterprise risk management software to banks, financial institutions, and capital markets participants worldwide. It is a wholly owned subsidiary of Misys, plc, the banking software solutions supplier.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.