Fidelity Forex, the foreign exchange arm of Fidelity Capital Markets has implemented FNX’s Sierra Treasury System for its FX trading operations.
The investment bank is using Sierra Treasury to strengthen its FX cash front, middle and back office operations, as well as general ledger and credit limits activities.
James Savely, vice president of foreign exchange, says: “Sierra Treasury provides us with an information infrastructure and central data repository for all our FX transaction processing. By helping to ensure the consistency of our FX front office, back office and accounting data, we are able to reduce our operational risk while streamlining our daily activities."
FNX' Sierra and eSierra portfolios provide distributed, Internet-enabled trading, tactical risk management and operational control across all asset classes.