Pricing engine provider Cognotec has launched Market Rate Manager, an application which allows financial institutions to increase the reliability of their FX prices using multiple rate feeds. Market Rate Manager gathers rates from multiple sources and blends them to the bank’s criteria. The software solution provides bank-specific pricing calculations, enabling the institution to deliver consistent pricing throughout its various price distribution channels, according to Cognotec. The company claimed the solution will allow institutions and their clients to benefit from the increased efficiency and cost-savings afforded by higher online dealing volumes. Cognotec noted that a growing number of banks are using electronic dealing to reduce the cost of participating in the foreign exchange markets. Accurate rate feeds are important in order to minimise ‘rate risk,’ i.e. losses on positions generated on deals where the underlying rate was ‘off’ market.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more