Italy’s Centrobanca Selects Summit for Structured Products Trading

Summit Systems announced that Centrobanca, the investment bank of Banche Popolari Unite (BPU Banca Group), has licensed Summit’s MUST tool for structuring, pricing and processing exotics and structured products. At the same time the bank has acquired additional modules to support further instrument types including equity options, FX swaps and embedded FX spots. The new BPU banking group, formed in July 2003, is faced with the task of increasing its market share and is expecting the trading of cross-asset class products to grow future revenue.


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