FNX adds exotic options to collateralised trading solution

FNX adds exotic options to collateralised trading solution

Straight-through processing vendor FNX Limited (FNX) has added exotic options capabilities to its cross-product collateralised trading solution, Sierra Margin.

Based on Sierra System’s real-time limit architecture, the new capabilities are fully integrated with Sierra System’s FX cash, FX options, commodities and precious metals modules, offering users high volume monitoring of margin clients at the individual, local and global level.

Sierra Margin’s exotic options product coverage includes average rate options, digitals, dual digitals, dual barrier and window options. Product functionality includes the acceptance of multiple collateral types and the ability to define haircuts based on instrument and currency. Colour-coded, real-time screens notify traders and risk managers of margin call or margin cut situations and allow them to track information up to the transaction level, says the company.

Paul Gibson, FNX’s managing director, Emea comments: “As collateralised trading expands to include new product groups, Sierra Margin, as an integrated part of Sierra System, will be well positioned to handle the global challenges associated with cross- product collateralised trading.”

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