Standard Chartered Implements Cognotec’s Market Rate Manager

Cognotec’s Market Rate Manager application has been adopted by Standard Chartered to develop electronic trading in its emerging markets currency business. Cognotec already supports the bank’s foreign exchange e-commerce solution and provides connectivity to the FXall multi-bank portal. Market Rate Manager, which has gone live in London, New York, Hong Kong and Singapore, will enable the bank to formulate a single, reliable market rate to feed into its multiple dealing channels, according to Cognotec.

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