Siam Commercial Bank selects FNX for treasury ops

Siam Commercial Bank selects FNX for treasury ops

Bangkok-based Siam Commercial Bank has licensed FNX's Sierra Treasury and First Order products to support its treasury operations and will roll the software out to over 100 staff.

Sierra Treasury provides trading, risk management, accounting and G/L processing and handles a range of products including FX, money markets, fixed income, commodities and interest rate derivatives.

First Order is an browser-based order management system that is designed for both institutional and retail environments and includes on-line position management and order status reporting.

FNX says the integrated products will enhance the services the bank can offer to clients, such as the consolidation of phone and Internet orders, support for margin trading, delivery of real-time market data and multiple order routing mechanisms.

Stephen Fry, global director of sales, comments: "The functionality that we've included in Sierra Treasury that is specific to the Thai marketplace, in conjunction with our experience in the region, will enhance the product's appeal for other banks and corporate treasury groups across the country."

He adds that the recent opening of FNX's Bangkok-based support office will help ensure that clients, both in Thailand and across Southeast Asia, are fully supported.

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