FNX, a provider of Straight Through Processing solutions to the global capital markets, announced that Fidelity Capital Markets, a subsidiary of Fidelity Investments, has selected FNX’s Sierra System for its FX cash and FX options trading operations. The move to fully integrate front, middle, and back office systems including general ledger and credit limits functionality will enhance Fidelity Capital Markets’ trading operations by enabling streamlined capital growth and a reduced cost base. Simon Moss, President of FNX commented, ‘We (FNX) have always had a strong commitment to designing and developing innovative and forward thinking solutions for the capital markets. Our vision was to develop a customer-centric Internet strategy that would enable our clients to further customize the way in which they use our solutions, while reducing the technology and system support costs traditionally associated with fully integrated STP applications.’
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