Cognotec develops Market Rate Manager

First Published: e-Forex Magazine 10 / News / April, 2003

The Cognotec Market Rate Manager product, addresses the problems of market rate risk experienced by institutions with increasing automated FX trading levels. The Cognotec Market Rate Manager can prevent FX dealers from managing losses on positions generated by automated deals where the underlying rate was ‘off’ market.Market Rate Manager has been developed to enable banks to maximize their automated FX dealing services while minimizing risk, it provides control and accountability to dealers, ensuring reliable, accurate, bank specific pricing by delivering for the first time the capability to;• Gathers rates from multiple sources - Blended to the dealers criteria. • Perform bank specific pricing calculations -Delivering consistent pricing.• Spread and skew rates -Leverage the dealers view and position• Calculate Spot crosses to market standards -Eliminate erroneous component rate feeds • Clear Dealer interface - Functionality quickly and easily driven by the...continued

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