Murex
WestLB dumps top systems for Summit
The global financial markets group of Düsseldorf-based Westdeutsche Landesbank (WestLB) has selected New York-based transaction processing technology company, Summit Systems, for a major consolidation of its systems environment. The integrated system…
Commerzbank, IBM Mull Outsourcing Deal
FRANKFURT—In what looks like a pioneering deal, Commerzbank is working out the details of an IT outsourcing arrangement with IBM that would see the vendor take on responsibility not just for low-level infrastructure, but complete management of major…
Murex to supply clients with Reech Capital derivatives models
Financial software provider Murex is licensing some of competitor Reech Capital’s products to give its clients access to models to more accurately price and hedge exotic FX options.