18 October 2017
Register now

Taipei Bank rolls out FNX's First Order

28 April 2003  |  2200 views  |  0 Taipei Bank rolls out FNX's First Order

Taiwan-based Taipei Bank is rolling out order management software from Philadelphia-based FNX across its institutional and retail branch networks.

Built on BEA Systems' Weblogic server and utilising J2EE technologies, First Order is a Web-based order management system, designed for both institutional market making and retail trading environments.

In the first phase of roll out, the system will be used across Taipei Bank's institutional branch network to enter and monitor FX cash trades. These trades will be delivered into FNX's Sierra System - which is deployed at the bank's headquarters - for processing, accounting and recording.

Farid Naib, FNX's founder and CEO, says: "Although the flow of information is fully automated, the process is entirely transparent to the traders, risk managers, and accountants."

First Order will be rolled out to TaipeiBank's retail customers in the coming months.

FNX says the software provides full price publishing, order management, position management, real-time limit checking and audit trail functionality for FX spot, forwards, swaps, fixed income and money market trades.

In addition, First Order enables online position management and order status reporting and consolidates phone and Internet orders. The software also supports margin trading and delivers real-time market data.

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

Siam Commercial Bank selects FNX for treasury ops

Siam Commercial Bank selects FNX for treasury ops

15 April 2003  |  2882 views  |  0 comments
Mizuho Tokyo upgrades FNX's Sierra platform

Mizuho Tokyo upgrades FNX's Sierra platform

14 April 2003  |  2521 views  |  0 comments
Luminary Capital Management selects FNX Sierra Treasury system

Luminary Capital Management selects FNX Sierra Treasury system

04 March 2003  |  2787 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15262 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8461 views comments | 16 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7954 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7427 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6581 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job