Cognotec selects Radianz to expand customer base

Cognotec, the Dublin-based foreign exchange and money-market trading solutions provider, has signed a three-year contract with US financial services e-network supplier Radianz. The multi-million dollar contract connects Cognotec to RadianzNet extranet – a network connection that links a large global community of financial professionals. Through RadianzNet, Cognotec can distribute its flagship foreign exchange trading service, Cognotec AutoDeal Lite.

Paul Fox, Cognotec’s chief operating officer, said the deal with Radianz will allow Cognotec to increase its customer reach.

Myron Tataryn, Radianz’s head of European sales, added: “Radianz provides a neutral platform that connects to a large global community of users. This makes RadianzNet attractive to financial institutions, many of whom compete with each other, who want to reach that community of users."

The Cognotec AutoDeal service is used daily by over 18,000 global users who transact more than $50 billion dollars of foreign exchange deals a day, reaching $136 billion on a peak day.For the last three years, Cognotec has been voted 'Best Automated Dealing Software Provider' by RiskNews' sister publication, FX Week.