Cognotec Launches Autodeal Direct For Banks’ Clients
TRANSACTION SYSTEMS
LONDON--Cognotec, which makes electronic foreign exchange transaction systems, has launched a new trading system, dubbed Autodeal Direct, to address the needs of smaller banks and financial institutions.
Autodeal Direct will give banks with very small trading rooms the ability to hook up to larger banks and take advantage of on-line FX trading. It offers the larger bank’s users the ability to offer their clients currency crosses in real time, without the larger bank assuming any market risk.
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