Forex systems come of age
TECHNOLOGY NEWS
DUBLIN – FX trading systems vendor Cognotec is increasingly focusing on the provision of second-generation replacement forex systems, chairman Brian Maccaba told FX Week.
Most banks have already acquired first-generation platforms and, for a range of reasons, are increasingly opting to buy add-on modules or systems from an outside vendor, he explained.
He cited three chief reasons for the growth in demand. First, economic rationality has led banks to acquire technology rather than
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