US motor manufacturer General Motors has selected FNX’s Sierra Treasury ASP for use by its Corporate Treasury Group. Sierra Treasury ASP provides a full suite of Trade and Risk Management functionality in a browser based portal-like environment and supports straight through processing (STP) for a variety of financial products, including: FX cash, FX options, exchange traded products, commodities, money markets, and interest rate derivatives. FNX CEO Farid Naib commented: ‘The decision by GM’s sophisticated, globally oriented Corporate Treasury Group to use Sierra Treasury ASP for their commodities trading needs is a solid affirmation of the product’s ability to deliver a reliable solution at a significantly reduced cost.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.