Mizuho Bank has licensed FNX’s Sierra System for use in processing interest rate products. Mizuho Bank and its predecessor banks have used Sierra for FX Options trading and risk management since 1997. Mizuho Bank trading and technology experts decided to integrate the interest rate futures and options desk onto Sierra’s open architecture platform to take advantage of FNX’s STP solution, said the bank. By integrating systems, Mizuho Bank aims to position itself for further expansion of current and future trading business, while gaining cost efficiencies as well, according to FNX. The Sierra system contains extensive management and control features for processing exchange-traded products, with support for over 95 exchanges world-wide. In addition, the system offers market risk and operational risk features, as well as fully automated STP with exception management.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more