AutoDeal Direct Puts FX On The Web
LAUNCH NEWS
PARIS — Cognotec, the internet software trading firm, launched its latest automated dealing system at yesterday’s (Thursday’s) exhibition at the Palais des Congres.
Called AutoDeal Direct — to fit in with Cognotec’s AutoDeal Lite product — it allows smaller banks to outsource foreign exchange market making, while delivering an internet-based FX execution service to their clients.
“It won’t be good for the industry in terms of jobs but I’m very impressed with this,” says one delegate. “Cognotec
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