Fidelity Forex takes FNX’S Sierra
TECHNOLOGY NEWS
PHILADELPHIA -- Fidelity Forex, the unit of Fidelity Capital Markets that provides foreign exchange pricing to institutional investors, has installed FNX’s Sierra Treasury System.
Fidelity is using Sierra to strengthen its front-, middle- and back-office operations for cash FX, as well as general ledger and credit limits activities.
James Savely, vice-president of foreign exchange at Fidelity, said the move should increase processing efficiency at the firm, while helping it to manage market risk
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