Thailand’s Bank Of Ayudhya Goes Live Using FNX’s Sierra System

ASIA NEWS

BANGKOK--Thailand’s first online FX operation went live last week at Bangkok-based Bank of Ayudhya (BAY).

BAY is using FNX’s Sierra system to trade spot FX, forwards and swaps, says Ying-Yong Athifiikul, treasury manager at BAY in Bangkok. "We trade in all currencies. Around 400 FX transactions are executed each day, and our forex trading volumes are around $2.5 million every month."

The online operation took two months to build and services the four foreign exchange traders who make-up part o

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