Norinchukin Takes FNX For FX Options, Win Is FNX's First In Japan
APPLICATIONS AND PRODUCTS
The Norinchukin Bank has bought a site licence for the FNX II foreign exchange options system developed by Philadelphia-based financial systems house FNX. The Tokyo-based bank has also licensed the vendor's forex back-office application, according to FNX officials. Norinchukin is FNX's first major Japanese client and is the first deal concluded and managed out of its recently opened Tokyo office.
Along with the FNX II site licence, Sean McDermott, FNX Tokyo's managing director, confirms that
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