Market uncertainty hits Cognotec

However, Maccaba said the vendor would add two to its Singapore office, doubling support staff in the Asia-Pacific region.

Maccaba said the job cuts reflect market conditions. "Our core customers are doing pretty well, and the volume of transactions from clients [over our systems] was up by 52% year-on-year in January." But on the other hand, with continuing economic uncertainty and banks continuing to cut staff and budgets, "there is not a lot of strategic new spending going on. We can support

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: