Cognotec upgrades AutoDeal Lite for multi-bank portals

Cognotec upgrades AutoDeal Lite for multi-bank portals

FX and money-market trading solutions provider Cognotec has released version three of its AutoDeal Lite online dealing service.

The upgraded system offers a range of plug-in APIs (application program interfaces) to connect to Atrix, Currenex and FXall, following a series of agreements with the FX portals forged over recent months.

Deal routing has been enhanced to allow traders to split deals and route these to the appropriate parties, says the company. Trades can also be filtered according the source (branch, portal, client) and routed to different areas of the bank. All deal routing can be tracked on screen.

If they so choose, AutoDeal Lite 3 users can provide a streaming rates service to their customers and provide two-way pricing on a client-by-client basis.

The Liquidity Linq service has also been upgraded. It can now be sourced by amount of transaction, currency pair and time of day. Additionally, different market makers can be used to quote each leg of a cross-rate deal.

Further improvements to the system include opportunities to license the technology as a white labelled turnkey product; route trade positions to different offices worldwide and settle trades in different geographical locations; expanded back-office integration capabilities; a new HTML Web front-end.

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