Bank of Ayudhya Signs Up For FNX Sierra
TECHNOLOGY
LONDON--The Bank of Ayudhya has licensed the Sierra System trading and risk management product from FNX, to build what it claims will be Thailand's first internet-based treasury system.
The Bangkok-based bank will integrate its trading desks using FNX to manage foreign exchange cash and options, money markets, bonds, interest rate swaps and FRAs, among other things.
The Sierra System will replace Bank of Ayudhya's existing manual entry treasury system with an automated processing environment to
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