UFJ goes global with Sierra FX Options

FNX Limited has announced that UFJ has expanded the use of the Sierra FX Options system to its London Office.

First Published by e-Forex News: October, 2004

FNX Limited has announced that UFJ has expanded the use of the Sierra FX Options system to its London Office. UFJ has been working on a strategic initiative to expand its FX Options trading operation and selected FNXs Sierra system as the platform for this expansion. Sierra has been successfully used by UFJ since 1998, with the initial contract with FNX signed with Tokai prior to the merger with Sanwa Bank, which created UFJ.
UFJ uses Sierra System for trading and risk management of vanilla and exotic options including barriers, digital and average options. Besides the trading and pricing functionality provided by Sierra, the system also offers user configurable portfolio analysis, including all greeks.