General Motors to Deploy ASP Treasury System From FNX

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.’


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