Bank of China has chosen Summit System’s treasury and capital markets solution for the bank’s interest rate front-office trading desk. The system, which went live in December 2003, supports China’s first derivatives trading desk, according to Summit. The system has been implemented in Beijing with further installations at multiple sites to provide the bank with overseas remote access. In the front-office, Summit will handle all aspects of derivatives trade entry and pricing, interfacing with real-time market data feeds. The system will also provide real-time services including market risk, FX positions, bond positions and money market securities issuance.
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.