Tech briefs

Mizuho adds FNX to interest rates

Mizuho Bank is extending its use of Philadelphia-based technology firm FNX’s Sierra system to process interest rate products. It has been using Sierra for FX options trading and risk management since 1997.

Using the same architecture for both interest rate futures and options and FX options will aid the expansion of current and future trading business, while gaining cost efficiencies, said FNX.

HSBC takes City Networks for the Middle East

HSBC is using City Net