TECHNOLOGY

TECHNOLOGY

Nordbanken has purchased FNX's Sierra System to support its FX trading operation. The agreement, which includes full front to back office functionality, was signed with FNX's London office.

Nordbanken will use the Foreign Exchange Cash and Foreign Exchange Options modules of Sierra System to support its main trading operation in Stockholm and three additional sales offices in Sweden. The system will be used by around 40 users in the front office and five operations staff, officials say.

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