
Danske plans systems upgrades for exotics and swaps
Steen Blaafalk, Danske's global head of fixed income and derivatives in Copenhagen, indicated in a statement that implementation of the systems support for exotic callables is imminent, with the cash management module and e-swaps module following “shortly thereafter”. Blaafalk was not available for comment.
Danske has already implemented a Summit Systems straight-through processing (STP) capability that electronically integrates front- to back-office components. This core system was introduced at the bank’s main operating centres in the Nordic region, plus its London and New York offices. It was designed to save overheads and improve risk management.
Danske has also licensed a real-time, high-volume forex trading module, a real-time incremental hedge server, advanced tools for customised applications and real-time STP workflow monitors from Summit Systems. It has paid for a 275-concurrent user licence, but the financial terms of the deal were not disclosed.
Meanwhile, Italy’s UniCredit Banca Mobiliare, a unit of UniCredito Italiano, is updating its front- to back-office infrastructure, which was also supplied by Summit Systems. New capabilities include real-time hedging, credit and commercial lending support, plus an internet toolkit.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Technology
Risk management
Union beckons for the three quant tribes
Studies may be deferred, but future for grads is bright, argues UBS’s Gordon Lee
Receive this by email