Cognotec Aims for Emerging Markets With Extra Funding
ORGANIZATION AND STRATEGY
DUBLIN--Foreign exchange trading technology firm Cognotec announced last week that it has secured $14.5 million in additional funding, despite the backdrop of declining investment in electronic trading initiatives.
The vendor will use the money to fund its continued expansion, particularly in emerging markets, which Cognotec chairman Brian Maccaba calls the fastest-growing sector of the global FX market.
"No one’s trading much euro/dollar any more," Maccaba says. "The area where the market has
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