Cognotec banks on Hotspot

The link with the Irish technology vendor reduces the technological development required to connect to Hotspot and offers Hotspot access to a wide number of banks. "Previously, market-making banks had to write to our application programming interface, now it is simply an administrative exercise for any Cognotec user," Eley said.

Hotspot will still cap the number of participating market makers at 10, to ensure banks supporting the platform receive high levels of trade flows. Currently there

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