Cognotec Debuts AutoDeal+

VENDOR UPDATE

DUBLIN--Foreign exchange trading software vendor Cognotec expects half of the leading FX banks to replace their electronic FX trading systems with vendor solutions within three years, and hopes to make a dent in this market with its new FX trading platform AutoDeal+, which began live trading with its first installation, Monday, Oct. 28, at an unidentified bank client.

"Out of the 50 top FX banks, 25 of them will change their systems in the next two to three years," says Cognotec chief executive

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