Cognotec Adds Broker Prices To Treasury Screen Service
TECHNOLOGY
Interdealer brokers are supposed to handle currency transactions between banks, but this isn't stopping brokers from displaying prices on screen services, which the banks' customers can see.
One screen service that recently added broker prices is the Cognotec Treasury Service, whose main market is medium-sized companies in Britain and Ireland. It recently signed up the Mayflower Group, foreign exchange, money market and interest-rate swap brokers. It expects another large broker to join its
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