Nordbanken To Use FNX's Sierra For Global Consolidation Of Positions
AFTER THE TRADE
STOCKHOLM--Nordbanken has selected the Sierra System from Wayne, Pennsylvania-based FNX to support its front-to-back office foreign exchange operations at its Stockholm headquarters, including both spot/forward and options trading.
The bank also plans to roll out Sierra to three other sales offices in Sweden. Once installed, Sierra will allow Nordbanken to consolidate its foreign exchange and money market positions across trading centres for cross-product risk analysis. The bank's licence with
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