Cognotec partners with Hotspot FXi

Cognotec, has announced a partnership with Hotspot FXi, the multi-bank spot FX marketplace, to develop the Cognotec HotspotFXi CONNECT adaptor, which will enable banks and other financial institutions to provide foreign exchange pricing and execution to the Hotspot FXi marketplace.

First Published by e-Forex News: April, 2004

Cognotec, has announced a partnership with Hotspot FXi, the multi-bank spot FX marketplace, to develop the Cognotec HotspotFXi CONNECT adaptor, which will enable banks and other financial institutions to provide foreign exchange pricing and execution to the Hotspot FXi marketplace. Substantial development work has been completed and Hotspot FXi CONNECT is expected to go live within weeks.
Cognotec will provide financial institutions with the ability to stream live executable prices into the Hotspot FXi marketplace directly from their Cognotec automated trading platform. This functionality can be quickly and easily implemented and has already been adopted by two of Cognotecs client banks. This venture will offer new and existing Cognotec clients the ability to increase their trading volumes (while enjoying the efficiency benefits of electronic execution), as well as potentially diversifying the range of clients they deal with commented John Beckert, speaking for Cognotec.