New margining rules for Sierra FX

NEW YORK - SunGard has improved the margining capabilities on the latest release of its Sierra FX trading tool in response to credit concerns in the market.

The new release - due tomorrow (July 7) - sees more than 30 new margining and netting rules added to the front-to-back foreign exchange trading and processing system. These include variable or volume margining rules and netting via single currency or currency pair. "Sierra offers the margining process in real time, which allows for greater

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