Cognotec launches fund manager service

TECHNOLOGY NEWS

DUBLIN -- Currency trading technology supplier Cognotec launched its new Fund Manager service in May. The service will enable custodians and major banks to automate their fund management clients’ foreign exchange needs. The service is available on Cognotec’s Autodeal plus platform.

Cognotect said the module should appeal to banks with sophisticated fund management clients who are trading foreign currency more than 100 times a day. Fund Manager allows communications between the fund manager and

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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