Sierra Foreign Exchange for Global Banks
Sierra Foreign Exchange offers global banks an STP trading, risk, workflow management and accounting solution with FX functionality and instrument coverage. Sierra helps you make fast, informed decisions and provides performance and personal flexibility to help you manage your global FX and money markets business. Sierra’s open architecture offers high volume transaction capabilities and facilitates connectivity, localization and new development.
Features
- Offers a foreign exchange, FX options and money markets solution for the trade life-cycle, from deal capture to settlement and accounting
- Provides a high volume infrastructure proven in a global, real-time operations environment
- Supports a 24/7 global trading operation and can be deployed across multiple sites and entities with a single database
- Reduces operational risk through system consolidation helping eliminate system reconciliation and minimize human errors
- Increases operational efficiencies through real-time access to trading and processing data and real-time workflow management
- Adapts and incorporates new products to address market development
Benefits
- Helps you provide better support to your clients through a more efficient, reliable and timely FX operation
- Improves the performance of your trading, FX sales, profitability analysis, portfolio management and risk management operations
- Consolidates global currency positions to help reduce hedging costs
- Provides global real-time limits to help increase risk controls and monitoring capabilities
- Offers a centralized database that can be accessed globally through a Web browser to help reduce IT infrastructure and data maintenance costs