BTM Deploys FX Rate Facility
FRONT PAGE: FX TRADING TECHNOLOGIES
TOKYO—Spot and forward foreign exchange (FX) traders for the Bank of Tokyo Mitsubishi (BTM) trading floor in Tokyo have gone live with Cognotec’s Market Rate Manager (MRM) automated pricing capability.
BTM, a giant firm in the dollar-yen markets, is deploying MRM in conjunction with Cog notec’s AutoDeal+ FX transaction platform, which BTM updated in 2003 (Trading Technology Week, Sept. 8, 2003). BTM has had AutoDeal offerings from the Dublin-based Cognotec for four years, say Cognotec officials.
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