Philadelphia and Bangkok, (PRWEB) February 17, 2005
FNX Limited (FNX), a leading provider of treasury and capital markets business technology solutions, is proud to announce its third live client in Thailand, Siam Commercial Bank. SCB now joins BankThai and Bank of Ayudhya as users of the Sierra Treasury solution in Thailand, a powerful cross asset class, front to back solution that provides comprehensive real-time position management, risk analysis, and gap exposure in a straight through processing (STP) environment.
ÂThe implementation of Sierra Treasury has a strong emphasis on seamless real-time STP. Real-time interfaces to SWIFT, BAHTNET, multiple dealing systems (Reuters, Cognotec, etc) and several internal settlement and payment systems via SierraLink will increase operational efficiencies at the bank and allow us to reduce operational risk. This, combined with Sierra TreasuryÂs proven Risk Management and Credit Limit capability, gives us a solution that will address market, credit, and operational risk with a best of breed solution customized to local conditions.Â said Dr Pakorn Peetathawatchai from SCB.
With a growing Thai client base, the ability to provide solutions customized to local market requirements and client support, FNX has become the software vendor of choice for the Thai banking market. ÂOur Bangkok office is staffed with Thai speaking personnel with local market knowledge to ensure the highest level of service for clients. Our ability to work closely with SCB and understand the local market needs was a major factor in the success of this project.Â said Mark Bell, Head of South East Asia Client Services for FNX.
FNXÂs ability to customize Sierra to fit local market requirements has been a driving force for FNXÂs success in Southeast Asia. Recent market-specific enhancements to Sierra Treasury include support of Thai Bond Dealer Club pricing, a real time interface to Bahtnet, support for local conventions on call accounts, and numerous other local customizations.
About FNX Limited
Founded in 1992, FNX Limited is one of the worldÂs leading providers of treasury and capital markets business solutions for foreign exchange, money market, fixed income, equities, commodities, including exchange traded products and over the counter structured derivatives.
FNX provides risk management, accounting, and general ledger solutions that streamline mission critical operations for the domestic and international financial community. FNX solutions have been deployed globally for diverse clients such as corporate treasuries, trading firms, commercial and investment banks, hedge funds and prime brokers.
FNX Limited gives clients around the world a combination of market leading and best-in-class technology enabling maximized return on investment and lower total cost of ownership. Headquartered in Philadelphia, Pa., FNX Limited has offices in North America, Europe and Asia. Additional information about FNX Limited is available at http://www.fnx.com