Global Clearing and Settlement Institutions Connected Via FNX
FNX Limited has delivered an enhancement to its Sierra Fixed Income System to connect to most of the world’s clearing houses or settlement institutions. According to FNX, the solution can connect clients with Euroclear via SWIFT messages. FNX enhanced its SWIFT module to support sending and receiving MT500 series messages and to update the database accordingly. The system includes monitoring and reporting tools to allow users to manage the message exchange.