Tech briefs

The African Development Bank (ADB) has taken software from New York-based Summit Systems to support FX trading at its head office in Abidjan, Ivory Coast, Summit said last week.

The front-to-back derivatives and fixed-income solution, now live for the bank’s treasury and accounting groups, also supports money markets, bonds, forward rate agreements, futures, swaptions and caps/floors.

ADB uses the system to provide an integrated base for a number of different treasury functions, said ADB’s p