Luminary Capital Management live with FNX SierraASP service

New York macro hedge fund Luminary Capital Management has gone live with FNX's SierraASP service to support its trading, risk management and position keeping activities.

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Luminary Capital Management live with FNX SierraASP service

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Luminary is using the Web-based platform to support trading of FX, currency options, equities, futures, exchange traded options and fixed income.

Andrew Lum, partner at Luminary Capital Management, adds: "By seeing our consolidated real-time positions we can closely monitor our portfolio management, risk and P&L, resulting in a reduction of operational risk that will benefit our investors."

The firm, which already uses FNX's Sierra Treasury system, says the new ASP service will enable traders to monitor portfolios anytime and anywhere.

Philadelphia-based FNX says Luminary is the first hedge fund to implement the cross-product SierraASP solution.

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