Washington-based Inter-American Development Bank (IADB) has gone live with a front-to-back office trading system from Summit Systems at its global capital markets division.
The new system features trading, pricing, reporting, and back-office transaction processing and currently supports fixed income including MBS/ABS instruments, OTC derivatives (including asset swaps) and money markets.
IADB programme manager Barbara Sadick says a proprietary enhancement to the base software platform also enabled the bank to implement a central data repository.
"It provides the basis to support our development of portfolio performance metrics, compliance and cash flow reporting," she says.