Summit's Derivatives Tool Installed at Industrial Bank of Korea
Industrial Bank of Korea (IBK) has gone live with Summit Systems’ derivatives module. IBK has implemented Summit FT for trading and risk management, covering interest rate derivatives, equity and FX options. IBK has also installed Summit’s MUST tool for structuring and processing exotic products. MUST has been combined with Summit’s BGM module for pricing to provide a solution that will enable the bank to take advantage of the growing exotics market in South Korea.