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Mizuho taps FNX

Japan’s Mizuho Bank has licensed FNX’s Sierra System to process interest rate futures and options. The bank has integrated its interest rate futures and options desk on to the Philadelphia-based software company’s Sierra open architecture platform. FNX claims this will allow Mizuho to take advantage of the flexibility and scalability of its straight-through processing (STP) solution, and also position it for further expansion of current and future trading business.

The Sierra

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