Structured Bonds Solution Added to FNX's Sierra
FNX Limited has introduced a new module to its Sierra system for structured bonds and emerging market debt. The module allows the user to create fully customisable structured bonds using multiple asset classes, according to FNX. The Structured Bond module has been developed for trading desks using complex structures that could consist of a combination of interest rate, FX and equity and may include embedded options that allow the issuers to call them before maturity, said the company. ‘As the complexity and volume of structured trades continues to increase, users are no longer able to accept the spreadsheet based systems that even now are still commonly used in the financial industry,’ said FNX.
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