Halifax Uses Summit Tool To Manage Increased Group-Wide Forex Risk
TECHNOLOGY NEWS
LONDON--UK bank Halifax has installed US software company Summit System's FX and FX options trading, risk management and back-office system in its treasury operation in London.
Nigel Coupland, head of FX at Halifax, says the bank installed the system to centralise FX operations within its treasury group in London. The benefits will include cost reductions and greater co-ordination of risk management, he says.
Coupland says the move towards centralisation of forex in London's treasury group was
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