Dublin-based Cognotec has developed an automated interface from its AutoDeal Lite trading service to the multi-bank FXall platform.
The product, FXall Connect, is the first of a number of optional portal connection modules available as add-ons to the Cognotec AutoDeal Lite service. These modules will form a complete toolkit to enable banks to connect to proprietary or multi-member execution platforms in the future says the vendor.
FXall Connect enables banks to use AutoDeal Lite as an ASP-based solution for providing fully automated prices to their customers over the bank-backed trading portal. The electronic price engine and associated service is maintained at the Cognotec service bureau, and thus requires minimal technical infrastructure at the bank's back end.