17 August 2017
Find out more

Mizuho Bank applies FNX's Sierra to interest rate futures and options

16 July 2003  |  3248 views  |  0 Mizuho Bank applies FNX's Sierra to interest rate futures and options

Japan's Mizuho Bank is to extend its use of FNX's Sierra System to include interest rate futures and options processing.

Mizuho and its predecessor banks have been using the system for FX options trading and risk management since 1997. FNX says Sierra's interest rate and FX option modules are built on the same architecture, allowing the bank to achieve greater economies of scale.

Jim Dennelly, executive director, product management, FNX, adds: "Features such as real-time position and risk management blotters, sensitivity analysis, stress testing and other simulation tools will help Mizuho Bank provide superior trading services."

The system contains management and control features for processing exchange-traded products, with support for 95 global exchanges. Extensive risk control features are built into the package, as well as fully automated STP with exception management.

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

FNX expands South East Asia operations with Bangkok support centre

FNX expands South East Asia operations with Bangkok support centre

12 June 2003  |  2491 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10433 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9831 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9746 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8142 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7618 views 0 | 1 tweets | 8 linkedin

Featured job

Find your next job