TECHNOLOGY

TECHNOLOGY

ABSA Bank, South Africa's largest bank, plans to extend its derivatives trading capability and market participation by expanding its use of The Devon System from SunGard Capital Markets. The bank has signed a licensing agreement to add interest-rate capability to its version of The Devon System which ABSA has been using for trading FX options and forward rate agreements.

ABSA has a large domestic client base commercial and international corporate trading organization which is now seeking mo