More NewsPopularity of Online FX Trading Continues to Soar

Popularity of Online FX Trading Continues to Soar

Figures released by Cognotec showing a 78 per cent year-on-year growth in transaction volumes appear to confirm the general perception that online FX trading is a boom industry. Brian Maccaba, chief executive at Cognotec, said that the company’s results reflected increased acceptance of the technology involved. ‘The benefits of electronic delivery are now well proven, and it is significant that we have seen this growth in a year that has been difficult for the financial services industry,’ said Maccaba. ‘The predictions of growth that were being made three years ago have proven to be reasonably accurate rather than just dot-com hype.’ As users have come to accept the stability and reliability of the underlying technology, they have been able to reap the benefits of online FX services, said Congnotec. Notably, this has allowed banks and other institutions to offer their customers trading facilities using cost-effective and readily deployable systems.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha