Mitsubishi Takes FNX's Sierra System United Mizrahi Takes Fenics For FX Options


LONDON--Mitsubishi Corporation Finance (MCF) has licensed FNX's Sierra System to automate its trading and risk management operations in London. MCF's Sierra licence includes an add-on module which supplies a variety of additional term structure models for analyzing interest rate derivatives, officials say.

Andrea Boram, MCF's associate director of internal technology and administration, says the company needed a suite of derivatives and risk management software to support its move to a more d