23 October 2017
Register now

FNX and NTT Data in Japanese ASP joint venture

19 March 2002  |  1975 views  |  0 FNX and NTT Data in Japanese ASP joint venture

Trading systems vendor FNX Limited (FNX) has teamed up with systems integrator NTT Data to deliver a cross product ASP service to the Japanese financial community.

The FNX/NTT Data system will provide Sierra Treasury’s full range of trading, risk management and back office capabilities on a fully outsourced basis. In addition, the ASP service will also handle data maintenance tasks, including disaster recovery and stable data centre operations.

The service will initially be offered to 23 regional institutions currently using NTT Data products, with the goal of expanding the reach of the system both across instrument coverage and to new institutions. The service is slated to go live in August and will be rolled out to beta clients shortly.

Initial products to be covered include interest rate derivates, FX cash, and FX options with future offerings of exchange products, fixed income, and equities coverage.

Farid Naib, CEO and founder, FNX Limited comments: “The NTT Data deal marks our largest ASP venture to date and points to the growing maturity of the ASP market. It’s also significant as it the first publicly announced ASP service for the financial community in Japan."

The system will be available in Japanese and English.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Taipei Bank contracts with FNX for online FX trading

Taipei Bank contracts with FNX for online FX trading

12 March 2002  |  2984 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.atos.netRegister nowvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19551 views comments | 28 tweets | 42 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15227 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10995 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9054 views comments | 14 tweets | 28 linkedin

Featured job

Find your next job