Technology briefs

TECHNOLOGY NEWS

Refco goes live with Cognotec
Futures commission merchants Refco Capital Markets will start using UK tech firm Cognotec’s AutoDeal Lite FX dealing service in June. Refco said the move would bring full straight-through processing, something Gary Weiss, senior vice-president of Refco Group, said was “essential for us and our clients”.

The addition of Refco to Cognotec’s 60 AutoDeal Lite-using institutions is a milestone for the technology firm, said John Beckert, president of Cognotec

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