FCTM licenses Summit for derivatives and risk management

TOKYO -- Japan-based risk management company First Chicago Tokio Marine Products (FCTM) said in September it plans to implement front-to-back modular software from Summit Systems in November this year. Maintenance support will come from US-based Summit’s Japanese distributor NS Solutions.

FCTM intends to use Summit’s integrated, real-time straight-through processing platform. The new system will provide the necessary infrastructure for risk management services and products. Trading capabilities

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