Penson Canada selects FNX Solutions for FX Trading

FNX Solutions has announced that Penson Financial Services Canada has chosen the Sierra ASP solution to support its FX trading and back office operations in Canada and the U.

First Published by e-Forex News: July, 2006

FNX Solutions has announced that Penson Financial Services Canada has chosen the Sierra ASP solution to support its FX trading and back office operations in Canada and the U.S. FNX, through its web-based Sierra ASP software, will provide real-time straight through processing, real-time margin utilization and position management for Penson Canada and its clients. Utilizing FNXs proprietary middleware platform, SierraLink, Penson Canada will interface in real-time with a variety of electronic trading platforms, achieving a seamless, automated and integrated processing environment.
Electronically executed transactions and phone orders will both be consolidated in real-time on the Sierra ASP platform. Furthermore, Penson Canada will enhance its customer service by delivering electronic statements to clients detailing all transactions, margin utilization and P&L.