More NewsSumitomo Corporation Employs FNX Sierra System to Support Commodities and Energy Trading Operations

Sumitomo Corporation Employs FNX Sierra System to Support Commodities and Energy Trading Operations

Sumitomo Corporation, the Tokyo-based trading house, has completed installation of FNX’s Sierra System. Sumitomo is using Sierra to support its strategy of complete STP for its commodities physicals, exchange-traded products and swap trading operations. The solution also allows the trading house to process trades for precious and base metals, commodities, and energy. The Sierra Commodities Blotter, a real-time, cross product portfolio management tool, is a key element of the solution, according to FNX, allowing consolidated, user-configurable trade and position detail views as well as one-click access to trade entry, pricing and yield calculation screens. Sumitomo Corporation is also using Sierra’s Back Office and General Ledger modules to further support automated STP, while the SierraLink interface module enables trade and rate transfers from legacy systems, as well as providing a real-time trade interface to the Tokyo Commodities exchange.

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