Tech briefs

Banca Akros takes Summit for FX

Milan-based Banca Akros has taken Summit Systems’ internet-enabled Transact ASP for FX cash and FX option trading, market making and risk management in Milan.

Summit replaces the bank’s proprietary FX trading system and an un-named vendor’s FX options trading software product. The new features support spot FX, forwards, swaps, options (vanilla and exotic) and futures trading.

Head of the FX options desk, Paolo Tradati, said Summit’s ability to cover a range of