Citicorp Selects FNX Systems For FX Derivative Pricing
MANAGEMENT AND STRATEGY
Citicorp has chosen FNX Systems Inc. to supply a pricing and risk-management system for its New York foreign exchange derivatives desk. Richard Jacoby, the bank's head of forex derivatives, declines to comment on the deal, but other sources says that the installation covers around 10 positions using Sun Microsystems Inc. hardware and replaces a previous Sungard Financial Systems Inc.'s Devon system.
The bank signed the deal at the start of last month, according to Chris Calhoun, head of FNX's New
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