First Derivatives yet to seal Cognotec deal
NEWRY – First Derivatives has told FX Week there is no deadline on the deal to buy bankrupt Irish foreign exchange technology vendor Cognotec, and confirmed exclusive talks were ongoing by Friday (February 5) close of business, UK time.
First Derivatives, which specialises in market data management and algorithmic program trading software, said in a statement on February 3 it will acquire Cognotec for an undisclosed cash sum. Industry sources said it might have to shoulder the troubled company’s
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