Credit Suisse Securities Limited (CSSL), a business unit Credit Suisse Financial Services, had selected FNX's Sierra System to manage its fixed income business.
CSSL says it needed a single, modular solution that would deliver enhanced STP, risk management and expansion possibilities.
Paul Gibson, FNX’s senior managing director, Europe, says the Sierra System is a good fit for CSSL's business as it provides complete hands-free processing, from the automatic execution of fixed income orders through to settlement and the creation of accounting entries.
The system will also be linked to CSSL's custodians to provide automated nostro and depository reconciliation.