Centrobanca decides onSummit for software tool


Centrobanca, the investment bank of Italy’s Banche Popolari Unite (BPU Banca Group), has licensed Summit’s MUST tool for structuring, pricing and processing exotics and structured products. The bank has also acquired additional modules to support further instrument types including equity options, FX swaps and embedded FX spots. Summit is a New York-based multi-asset class technology company.

The new BPU banking group, formed in July 2003, is faced with the task of increasing its market share and

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