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BANCA AKROS TAKES SUMMIT’S TRANSACT ASP

Banca Akros in Milan, the investment banking arm of Banca Popolare di Milano, has started using software vendor Summit’s internet-enabled Transact ASP service for derivatives trading, market making and risk management in Milan.

Enzo Chiesa, executive director at Banca Akros, said implementing the 24-hour Transact ASP service would reduce staffing costs and avoid investment in hardware and software. "An annual rental software licence is more suitable for