Sumitomo Uses Sierra System Tailored To Its Bond And Repo Trading Needs
AFTER THE TRADE
TOKYO--Sumitomo Bank has gone live with a version of FNX's Sierra System that supports the bank's aggressive bond and repos trading needs, says a source at FNX.
Sumitomo's contract with FNX called for the vendor to facilitate the bank's bond trading and to integrate new financial products, such as exotic repos, that came about when Japan's Big Bang market deregulation began last year. The current installation supports 70 positions on the bank's fixed income trading desk, based in the head office
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