Tech briefs

FNX closes $10m funding round

FNX, the Philadelphia-based technology vendor, has closed a $10 million funding round led by private equity firm, Conning Capital Partners and venture capital firm, Lazard Technology Partners.

FNX has two primary offerings – its Sierra Suite, an integrated trading, risk management, accounting and general ledger system, and Aspen Hedge, a managed trade capture, risk management and pricing system for the buy side.

Farid Naib, FNX founder and chief executive, said b