17 July 2018
Register today

Pacific Coast selects FNX Sierra for interest rate derivatives

19 June 2006  |  2095 views  |  0 Source: FNX

FNX Solutions (FNX), a leading provider of next generation technology solutions for treasury and capital markets, announced today that Banc Investment Group, the broker-dealer unit of Pacific Coast Bankers' Bancshares (PCBB), has selected its web-based Sierra ASP to manage the bank’s Interest Rate Derivatives margin trading operations.

Sierra ASP is FNX’s real-time, cross-asset, end-to-end trading, workflow management and accounting solution, designed to manage the most sophisticated trading operations. Sierra ASP will be used to support PCBB collateralized margin trading and processing of interest rate derivatives.

The broad functionality of Sierra ASP will enable Banc Investment Group to improve automation and transparency, increase processing speed and efficiency, and extend its expanding Interest Rate Derivatives business into new product offerings.

Ed Kofman from Banc Investment Group said: "Sierra ASP met all the requirements we were looking for and provided the trading tools, secured access and high availability we needed to support our STP operations – and gets us up and running quickly."

Ray Krastins, Director of North American Sales added, "Sierra ASP’s web-based delivery platform was particularly appealing to Pacific Coast Banker’s Bank because it offers convenient accessibility, security, disaster recovery, maintenance, upgrades and support at an affordable flat monthly rate. Speed to market was also a major challenge and the ASP delivery selected by PCBB allows for an implementation time frame of around 90 days."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
10380 views comments | 19 tweets | 30 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9347 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8711 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7734 views comments | 1 tweets | 5 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job