Cognotec Enters Asia In Joint Venture With Japanese Giant

VENDORS

DUBLIN--Cognotec, a Dublin-based automatic trading systems company, has formed a joint venture company together with the Japanese Internet giant, Softbank Corporation.

The joint venture company, called Forexbank, will provide Internet-based foreign exchange and money market trading solutions to financial institutions in Japan and Korea.

Softbank will own 58 per cent of the joint venture company and will market, sell and support Cognotec's e-commerce platform, Autodeal Lite, as well as its flagship

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